NEWS

WIRES

OTHER

Sallie Mae Bank Awards $75,000 in Utah Scholarships

MURRAY, Utah - (BUSINESS WIRE) - Sallie Mae Bank, a wholly owned subsidiary of Sallie Mae, the nation's leading the nation's leading saving, planning and paying for education company, today announced that it has awarded 15 $5,000 scholarships to undergraduate students enrolled in an engineering, nursing or teaching program at a higher education institution in Salt Lake County or other Utah counties.

This is the third year of the Sallie Mae Bank scholarship program. To date, the company has awarded nearly $200,000 in scholarships through this program.

This year, the following undergraduate students received a $5,000 scholarship:

"We at Sallie Mae Bank are pleased to help these admirable local Utah students invest in their dreams of higher education," said Mark Howard, president, Sallie Mae Bank. "It is our hope that these scholarships will help enable these ambitious undergraduates to succeed."

Sallie Mae Bank, a subsidiary of Sallie Mae, funds and originates private education loans to students and families nationwide. Opened in November 2005, the bank is headquartered in Murray, Utah, and is regulated and its deposits insured by the FDIC.

SLM Corporation (NYSE:SLM), commonly known as Sallie Mae, is the nation's leading provider of saving, planning and paying for education programs. Through its subsidiaries, the company manages $188 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 11 million members and more than $475 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.

Sallie Mae
Media:
Erica Eriksdotter, +1-703-984-5628
Erica.Eriksdotter@SallieMae.com