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Sallie Mae to Announce Second-Quarter 2011 Results on July 20, Host Earnings Call on July 21

In addition, the company will host a conference call for shareholders at 8 a.m. EDT on Thursday, July 21, 2011. To participate in the call, please dial (877) 356-5689 (USA and Canada) or dial (706) 679-0623 (international) and use access code 75902491, starting at 7:45 a.m. EDT.

A live audio webcast may be accessed at www.SallieMae.com/investors. Supplemental financial information and presentation slides used during the company's investor conference call will be available on the company's website no later than the call's start time.

Investors may access a replay of the conference call on the company's website within one hour of the call's conclusion. A telephone replay may be accessed two hours after the call's conclusion through Aug. 4 by dialing (800) 642-1687 (USA and Canada) or (706) 645-9291 (international) with access code 75902491.

Sallie Mae (NYSE: SLM) is the nation's No. 1 financial services company specializing in education. Serving 23 million customers, Sallie Mae offers innovative savings tools, tuition payment plans and education loans that promote responsible financial habits and reward success. The company manages or services $238 billion in education loans and administers $37 billion in 529 college savings plans. Members of its Upromise college savings rewards program have earned $600 million to help pay for college. Sallie Mae is also one of the leading financial service providers for universities and governments at all levels, including supporting $8 billion in ecommerce transactions annually at nearly 1,000 campuses. More information is available at www.SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Sallie Mae
Media:
Martha Holler, 302-283-4036
martha.holler@SallieMae.com
or
Patricia Nash Christel, 302-283-4076
patricia.christel@SallieMae.com
or
Investors:
Steve McGarry, 302-283-4074
steven.mcgarry@SallieMae.com
or
Joe Fisher, 302-283-4075
joe.fisher@SallieMae.com