SLM Corporation, commonly known as Sallie Mae, reports developments tied to private education lending, student-loan servicing and resources for families financing higher education. Company news includes updates to Sallie Mae Graduate Loan, Law School Loan, Medical School Loan and Dental School Loan products, repayment features, prequalification, scholarships through The Sallie Mae Fund, and research on college planning and education affordability.
Recurring announcements also cover quarterly financial results, guidance, senior-note and other capital-structure actions, shareholder voting matters, leadership appointments, and governance or legal-risk developments involving the Sallie Mae brand and its subsidiaries.
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.
Sallie Mae (Nasdaq: SLM) announced that Chief Financial Officer Pete Graham will speak at the Morgan Stanley U.S. Financials, Payments, and CRE Conference on June 11 at 8 a.m. ET.
A live audio webcast and replay will be accessible at SallieMae.com/investors. Sallie Mae, a leader in private student lending, focuses on providing financial resources and support for college education and lifelong learning.
The event offers an opportunity for stakeholders to gain insights into the company's financial strategies and future prospects.
Donna Vieira, EVP and Chief Commercial Officer of Sallie Mae, was honored by Girls Inc. of NYC at their 25th annual 'Lifting Girls Up Gala and College Shower.' She received recognition for her contributions towards gender equity in corporate America. The event celebrated 25 exceptional high school seniors with college scholarships and announced a $25,000 donation from The Sallie Mae Fund to Girls Inc. of NYC. Vieira expressed her honor and aligned Sallie Mae's mission with that of Girls Inc. to empower young women. The event also highlighted Girls Inc.’s continued commitment to gender equality. Vieira’s previous recognitions include being named one of Savoy Magazine's 'Most Influential Black Executives in Corporate America.'
Sallie Mae (Nasdaq: SLM) announced that its Chief Financial Officer, Pete Graham, will speak at the TD Financial Services & Fintech Summit on Thursday, June 6, at 10:55 a.m. ET. The event will feature a live audio webcast and a replay available on SallieMae.com/investors. Sallie Mae, a leader in private student lending, emphasizes the importance of education and lifelong learning in achieving significant milestones. The company offers financing and resources to support college access and post-college goals. For more details, visit SallieMae.com.
Sallie Mae released its Environmental, Social, and Governance (ESG) report, highlighting its commitment to mission-aligned impact. The report details initiatives supporting customers, communities, employees, and the environment, including scholarships, research grants, investments in housing, social justice support, environmental impact reduction, workforce promotion, and recognition as a best workplace.
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