SLM Corp
NASDAQ:SLM

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SLM Corp
NASDAQ:SLM
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Price: 27.7 USD -0.93%
Market Cap: 5.9B USD
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SLM Corp
Investor Relations

In the intricate world of education financing, SLM Corp, more commonly known as Sallie Mae, stands as a pivotal player. Originally established in 1972 as a government-sponsored enterprise aimed at increasing accessibility to student loans, Sallie Mae has undergone significant transformations over the decades. In 2004, it fully privatized, marking a notable shift in its business model and operations. Sallie Mae now focuses primarily on offering private student loans to graduate, undergraduate, and professional students with competitive interest rates tailored to various credit profiles. This strategic move separates its operations from federal student loans, allowing it to capitalize on profitable niches within the education sector, underscored by an unyielding commitment to helping students and families realize their educational aspirations.

Revenue streams for SLM Corp come mainly from two sources: the collection of interest on its loan portfolio and various fees associated with loan servicing and origination. Sallie Mae's private loan products are complemented by its bank-like structure, providing savings accounts, CDs, and other financial products, thus expanding its financial foothold. This diversification not only bolsters its balance sheet but also cushions it against fluctuations in the student loan market. With financial literacy as part of its broader mission, Sallie Mae leverages digital innovation to enhance customer engagement and streamline service delivery, which has increasingly appealed to a digital-native demographic. By adapting to economic shifts and educational trends, Sallie Mae strives to stay ahead of market demands, fostering a sustainable business poised for long-term growth.

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Management

Mr. Jonathan W. Witter
CEO & Director
No Bio Available
Mr. Peter M. Graham CPA
Executive VP & CFO
No Bio Available
Ms. Kerri A. Palmer
Executive VP & COO
No Bio Available
Mr. Nicolas Jafarieh
Executive VP and Chief Legal, Government Affairs & Communications Officer
No Bio Available
Ms. Donna F. Vieira
Executive VP & Chief Commercial Officer
No Bio Available
Ms. Melissa Bronaugh CPA
VP & Head of Investor Relations
No Bio Available
Mr. William Wolf
Executive VP & Chief People Officer
No Bio Available
Mr. Munish Pahwa
Executive VP, Chief Risk Officer & Chief Credit Risk Officer
No Bio Available
Mr. Jeremy Brandon
Executive VP & Chief Audit Officer
No Bio Available
Mr. Richard M. Nelson
Senior VP, Chief Regulatory Counsel & Corporate Secretary
No Bio Available

Contacts

Address
DELAWARE
Newark Delaware
300 Continental Drive
Contacts
+13022838000.0
www.salliemae.com