SLM News and Press, SLM Corporation From 12/25/20

ValueAct’s 13F portfolio value decreased from $8.74B to $7.11B this quarter. ValueAct decreased Morgan Stanley during the quarter. The top three positions are Seagate Technology, KKR & Co, and Citigroup and they add up to ~60% of the portfolio. For further details...

Grant Will Help Students Adjusting to Distance Learning and Expand Mentoring Programs The Sallie Mae Fund, the charitable arm of Sallie Mae®, has made a $50,000 contribution to Big Brothers Big Sisters of Delaware to support programs to help students impacted by COV...

The incoming U.S. Administration’s education reform policies are unlikely to have much of a negative impact on SLM’s market. Credit risk has substantially declined but it’s still moderately high because of the graduating class. The target price for next year s...

Program will highlight options for financing higher education Sallie Mae and EVERFI, an international social-impact education innovator, today announced a new strategic partnership to deliver a specialized financial literacy curriculum to California high schools. Sallie ...

The novel coronavirus pandemic has impacted almost every aspect of our lives. One area that has drastically changed is the education system. For college students, this means choosing whether to go back to campus, take classes remotely, some mix of the two, or, in some cases, even forgoing c...

With plenty of positive news about potential COVID-19 vaccines in November, financial stocks in general have outpaced the S&P 500 in the past month, with consumer finance (red line in chart below), in particular turning in the best performance.Nasdaq U.S. Small Cap Banks Index (green), th...

Sallie Mae ® (Nasdaq: SLM), formally SLM Corporation, announced today the expiration and results for its previously announced cash tender offer (the “Offer”) to purchase up to 2,000,000 shares (the “Maximum Share Amount”) of its Floating Rate Non-Cum...

Jefferies global equity strategist Sean Darby improves his outlook on U.S. banks and consumer financial stocks to "bullish" from "modestly bullish" as "improved visibility towards a successful coronavirus vaccine, easier lending conditions, little evidence of deflation and a sentiment switch ...

Sallie Mae’s Chief Executive Officer Jon Witter offered the following statement regarding the results of the 2020 Presidential Election: “We’ve watched our electoral process play out over the last few days, the voters have spoken, and we now know that De...

Sallie Mae Offers Free Scholarship Search Tool, Home to 6 Million Scholarships Worth $30 Billion, to Help Students Find Free Money During National Scholarship Month Despite the large-scale impact of the pandemic, college remains a priority for families. According to a re...