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Sallie Mae
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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 $150 billion in education loans and serves nearly 10 million student and parent customers. Through its Upromise affiliates, the company ... manages $17 billion in 529 college-savings plans, and over 7.5 million members have joined Upromise to help save for college with rewards on purchases at nearly 70,000 places. 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.
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SLM Corporation , commonly known as Sallie Mae, is the nation's leading provider of saving- and paying-for-college programs. The company manages $142 billion in education loans and serves nearly 10 million student and parent customers. Through its Upromise affiliates, the company ... manages $15 billion in 529 college-savings plans, and assists more than 7.5 million members with automatic savings through rebates on everyday purchases. 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 http://www.salliemae.com/. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
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Sallie Mae's award-winning CollegeAnswer.com Web site has free tools and information to simplify the application process and help families navigate the financial aid process. Resources include sample FAFSAs in both English and Spanish, a list of state financial aid deadlines and a three-minute FAFSA podcast which can be downloaded to an MP3 player or computer. CollegeAnswer.com ... contains the largest free online scholarship database, containing more than 2.8 million scholarships worth over $16 billion. Visit www.CollegeAnswer.com/fafsa for more information.
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Under the new offer, worth about $21 billion in cash and good until next Tuesday, Sallie Mae has the potential to receive an additional payment of more than $7 a share if the company performs on track with its own projections. It could receive an extra $10 a share if the company exceeds those expectations.
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Students will find that if they are the principal borrower on their student loans that Sallie Mae will emphasize the Federal Loans first. Federal loans, according to many college experts should always be explored before private loans. Many Federal loans, such as the subsidized Stafford Loan is a guaranteed student loan. This need-based loan requires no credit-check, only an application that can illustrate economic need. Students who are awarded subsidized loans are ... exempt from paying for loan interest until the loan repayment comes due - six months beyond the date of graduation.
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Sallie Mae can help students bridge the gap with the Community College Loan (SM), a new private, credit-based loan specifically designed for students enrolled in an associate degree or eligible certificate program. This loan, which can be used in combination with federal loans, may be particularly helpful for students paying out-of-state tuition, living on their own, or enrolled in higher-cost programs. Separately, Sallie Mae is introducing the Continuing Education Loan(SM) for the growing number of returning adults pursuing professional or technical training. Many of these students are enrolled in non-degree programs and are not eligible for federal loans.
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