RESTON, Va., June 10, 2008—Sallie Mae, the nation’s leading saving- and paying-for-college company, today reiterated its commitment to fund every eligible federal student loan application received from every student at every school for the upcoming academic year.
“Some lenders have ceased lending to certain school types, such as two-year and proprietary institutions. We want students at those schools to know that we will lend to all students at all schools who need a federal loan to pay for college, just as we have for the last 35 years,” said C.E. Andrews, president, Sallie Mae.
For more information contact:
Tom Joyce (703) 984-5610 (media)
Martha Holler (703) 984-5178 (media)
Steve McGarry (703) 984-6746 (investor)
SLM Corporation (NYSE:
SLM), commonly known as Sallie Mae, is the nation’s leading provider of saving- and paying-for-college programs. The company manages nearly $172 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages more than $19 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 9 million members and $450 million in member rewards. Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies. More information is available at
www.salliemae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.