SLM: Barrow Hanley reports 6.53% stake (13.6M shares)

Rhea-AI Filing Summary

Barrow Hanley Mewhinney & Strauss LLC disclosed beneficial ownership of 13,616,798 shares of SLM common stock, representing 6.53% of the class. The filing shows the firm holds sole dispositive power over all 13,616,798 shares and reports 9,914,929 shares with sole voting power plus 3,701,869 shares with shared voting power.

The statement was submitted on a Schedule 13G and includes a certification that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The reporting person is identified as an investment adviser

Positive

• Material disclosure of beneficial ownership: 13,616,798 shares representing 6.53% of the class
• Filing on Schedule 13G with a certification that holdings are in the ordinary course and not held to change control, indicating a passive investment
• Sole dispositive power over all reported shares (13,616,798), clarifying trading/ disposition authority

Negative

• None.

Insights

Financial Analyst

TL;DR A material passive stake: 13.6M shares (6.53%) reported, with full dispositive control and mixed voting control.

The filing discloses a sizable position equal to 6.53% of SLM's common stock, which is material to holders and can affect reported ownership concentration metrics. The filer reports sole dispositive power over all shares and a split between sole and shared voting power, indicating the adviser controls trading decisions while some voting influence may be shared. The Schedule 13G format and the certification clarify this is presented as a passive, ordinary-course holding rather than an intent to influence control.

Corporate Governance Expert

TL;DR Ownership disclosure signals a material passive investor with voting influence detailed; no stated control intent.

The filing identifies the reporting entity as an investment adviser and includes a certification that the position is not held to change or influence issuer control, consistent with a Schedule 13G disclosure. The split of 9,914,929 sole-vote and 3,701,869 shared-vote shares is relevant for proxy calculations and vote outcome modeling. From a governance perspective, the disclosure is material for transparency but does not, on its face, indicate activist intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SLM Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

78442P106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 78442P106

1

Names of Reporting Persons

BARROW HANLEY MEWHINNEY & STRAUSS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,914,929.00
6	Shared Voting Power 3,701,869.00
7	Sole Dispositive Power 13,616,798.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,616,798.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.53 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SLM Corp
(b)	Address of issuer's principal executive offices: 300 Continental Drive, Newark, Delaware, 19713
Item 2.
(a)	Name of person filing: Barrow Hanley Global Investors
(b)	Address or principal business office or, if none, residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201
(c)	Citizenship: Delaware LLC
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 78442P106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 13616798
(b)	Percent of class: 6.53 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 9914929
	(ii) Shared power to vote or to direct the vote: 3701869
	(iii) Sole power to dispose or to direct the disposition of: 13616798
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BARROW HANLEY MEWHINNEY & STRAUSS LLC

Signature:	Hannah Ackels
Name/Title:	Barrow, Hanley, Mewhinney & Strauss, LLC
Date:	08/12/2025

FAQ

Who filed the Schedule 13G for SLM?

The filing was made by Barrow Hanley Mewhinney & Strauss LLC (reported as an investment adviser).

How many SLM shares does Barrow Hanley beneficially own?

The filer beneficially owns 13,616,798 shares of SLM common stock.

What percentage of SLM does the filing report?

The reported position represents 6.53% of the class.

What voting and dispositive powers are reported?

The filer reports 9,914,929 shares with sole voting power, 3,701,869 with shared voting power, and 13,616,798 shares with sole dispositive power.

Does the filer state intent to influence control of SLM?

No. The filing includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.