Slm Corp Stock Price, News & Analysis

Sallie Mae (Nasdaq: SLM) announced its third-quarter 2024 financial results and increased its fourth-quarter common stock dividend from $0.11 to $0.13 per share. The company also declared a fourth-quarter dividend of $1.7448719 per share on its Preferred Stock Series B. Both dividends will be paid on December 16, 2024, to stockholders of record as of December 5, 2024. The company, a leader in private student lending, will host an earnings conference call on October 23, 2024, at 5:30 p.m. ET to discuss quarterly highlights.

The Sallie Mae Fund has announced a $200,000 contribution to HBCU Week Foundation to support higher education access at Historically Black Colleges and Universities (HBCUs). As the presenting sponsor, Sallie Mae will support HBCU Week College Fairs in Wilmington, Del. on Sept. 27 and Orlando, Fla. on Oct. 24. These events connect prospective students with schools, scholarships, and on-the-spot college acceptances.

The company will provide free tools and resources, including Scholarship Search by Sallie and a guide for completing the FAFSA. Sallie Mae has also announced a $1 million research endowment to Delaware State University for a three-year 'Persistence and Completion Pilot Program' to study barriers to degree completion. Since 2021, their Completing the Dream Scholarship has eliminated nearly $2 million in unexpected costs for students, 98% of whom attend HBCUs.

Sallie Mae (Nasdaq: SLM), a leader in private student lending, announced that Chief Financial Officer Pete Graham will speak at the Barclays Global Financial Services Conference on Tuesday, Sept. 10, at 10:30 a.m. ET. A live audio webcast and replay will be available on the company's investor relations website.

Sallie Mae provides financing and resources to support access to college and help customers achieve their goals beyond higher education. The company emphasizes its commitment to education and life-long learning as catalysts for personal growth and success.

Sallie Mae is not sponsored by or an agency of the United States government, despite its common name. The company offers products and services to help individuals finance their educational pursuits and realize new opportunities after college.

Sallie Mae and Ipsos released the 'How America Pays for College 2024' report, revealing that families spent an average of $28,409 on college for the 2023-24 academic year, similar to the previous year. 48% of expenses were covered by income and savings. While 74% of families completed the FAFSA® for 2023-2024, only 29% found the new FAFSA® for 2024-2025 easier to complete. Despite challenges, 88% of families view college as an investment in their child's future. 59% had a plan to pay for college before enrollment. 49% of families reported borrowing for college, up from 41% last year. Scholarships and grants were used by 80% of families, covering 27% of costs.

Sallie Mae (Nasdaq: SLM) has released its second-quarter 2024 financial results. The company, a leader in private student lending, will host an earnings conference call on July 24, 2024, at 5:30 p.m. ET to discuss quarterly highlights and answer performance-related questions. Investors and interested parties can access the live audio webcast and presentation slides at www.SallieMae.com/investors.

Sallie Mae provides financing and resources to support college access and helps customers achieve post-college goals. The company emphasizes that it and its subsidiaries are not sponsored by or agencies of the United States government. Detailed financial results and materials are available on Sallie Mae's investor website and the SEC's website.

Sallie Mae (Nasdaq: SLM) has announced dividend payments for both its Preferred Stock Series B and common stock for the third quarter of 2024. The Preferred Stock Series B will receive a dividend of $1.8467034 per share, while the common stock dividend is set at $0.11 per share. Both dividends are scheduled to be paid on September 16, 2024, to stockholders of record as of the close of business on September 5, 2024.

Sallie Mae, a leader in private student lending, provides financing and resources to support access to college and help customers achieve their goals beyond higher education. The company emphasizes its commitment to education and life-long learning as catalysts for personal achievement.

Sallie Mae (Nasdaq: SLM) will release its second-quarter 2024 financial results after the market closes on Wednesday, July 24, 2024.

A live audio webcast, along with presentation slides, will be accessible at SallieMae.com/investors on the same day at 5:30 p.m. ET. Investors are encouraged to log in at least 15 minutes prior to the broadcast.

A replay of the webcast will also be available on the website.

Sallie Mae is a leader in private student lending, committed to promoting education and lifelong learning by providing financing solutions and resources to support access to college and beyond.

The Sallie Mae Fund has announced a $100,000 grant to the Point Foundation, the largest scholarship organization for LGBTQ students. This grant will fund scholarships for LGBTQ students attending community colleges and support Point Foundation's mentorship, leadership, and professional development programs. The initiative aims to address the unique challenges faced by LGBTQ students, including financial difficulties and mental health issues. The scholarship program has grown significantly since its inception, now featuring a broad network of students and leaders across the country. Since 2020, Sallie Mae has contributed $350,000 to the Point Foundation.

The Sallie Mae Fund, in collaboration with the Thurgood Marshall College Fund, is offering $500,000 in scholarships for the 2024-2025 academic year through its Completing the Dream Scholarship program. This initiative aims to support 200 students from underserved communities by providing up to $2,500 each to cover unexpected educational costs. Applications are open until December 6, 2024, or until all funds are awarded. Since its inception in 2021, the scholarship has alleviated nearly $2 million in costs for students, predominantly those attending Historically Black Colleges and Universities (HBCUs). Dr. Harry Williams, CEO of Thurgood Marshall College Fund, and Nic Jafarieh, EVP of Sallie Mae, emphasize the scholarship's role in helping students graduate. Interested students can apply at salliemae.com/CompletingtheDream.