SLM Corporation, commonly known as Sallie Mae, is a publicly-traded U.S. corporation that provides consumer banking services related to education. SLM Corp is known for its student loans, college savings plans, online banking, and other college-related resources. It is one of the largest providers of private educational loans in the United States, serving over 25 million customers since its establishment in 1972.
The company's symbol, SLM, stands for "Student Loan Marketing", which is indicative of its primary line of business. SLM Corp was originally created to service federal education loans originated under the Federal Family Education Loan Program (FFELP). However, with the discontinuation of the FFELP by the U.S. Department of Education in 2010, SLM Corp began focusing on private education loans.
SLM Corp operates in two primary segments - Consumer Lending and Business Services. The Consumer Lending segment provides private education loans and the Business Services segment provides services related to loan processing, loan origination and disbursement, as well as loan servicing and collection.
One of the major services offered by SLM Corp is Sallie Mae Bank, which provides a range of banking products like high-yield savings accounts, CDs, and money market accounts. The Bank also offers credit cards designed to help customers build their credit, while encouraging good financial habits.
SLM Corp has often been at the centre of controversy, especially in relation to its student loan practices. It has faced criticism for its loan servicing practices, including issues related to loan modifications, misapplied payments, and aggressive collection tactics. Nevertheless, the company continues to be a major player in the student loan industry.
SLM Corp has shown a commitment to corporate responsibility, with initiatives focused on sustainability, community investment, and employee well-being. It is listed on the New York Stock Exchange and is a member of the S&P 500 Index, and it remains a crucial figure in the world of student loans and education-related banking services.
Over the years, SLM Corp has expanded its operations considerably to adapt to the evolving needs of its customers. However, its core mission is still the same - to provide innovative solutions that help students and families save, plan, and pay for college.
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Bank of America Corp DE has acquired a new stake of 1.44 million shares in SLM Corporation (NASDAQ:SLM), valued at approximately $37.27 million, making it 0.76% of the company's stock. Other institutional investors also increased their holdings, with 98.94% of SLM's stock now owned by institutional investors. Analyst sentiment is mixed, holding a consensus "Hold" rating with an average target price of $29.80, following recent quarterly results where SLM missed EPS and revenue estimates.
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SLM Corp Director Christopher T. Leech received 914 shares of the company's common stock on September 16, 2026, as compensation for his quarterly cash retainer and committee fees. This transaction, disclosed via a Form 4 to the SEC, increased Leech's direct beneficial ownership to 20,896.66 shares, including Dividend Equivalent Units. The shares were granted at a price of $0, reflecting a non-cash compensation arrangement.
Steamboat Capital Partners LLC significantly reduced its stake in SLM Corporation by 46.5% during the second quarter, selling 85,877 shares and retaining 98,864 shares valued at $2.6 million. Despite this, institutional investors collectively own 98.94% of SLM. The company faces mixed analyst sentiment, with an average "Hold" rating, and recently missed quarterly EPS and revenue expectations.
The Public Employees Retirement System of Ohio has acquired 53,117 shares of SLM Corporation, valued at approximately $1.38 million, during the second quarter. This investment contributes to institutional investors owning 98.94% of the company. SLM recently reported quarterly earnings of $0.29 per share, missing analyst estimates, and declared a quarterly dividend of $0.13 per share.
This article provides a comprehensive review of Sallie Mae student loans for 2026, highlighting its low rates, options for part-time students, and a wide array of educational programs covered. It details the pros and cons, eligibility requirements, repayment options, and compares Sallie Mae with other major student loan lenders like SoFi and College Ave. The review aims to help potential borrowers understand Sallie Mae's offerings and determine if it's the right choice for their educational financing needs.
Jupiter Topco LLC recently acquired 86,323 shares of SLM Corporation (NASDAQ:SLM) in the second quarter, valued at approximately $2.24 million. Other institutional investors also made significant moves in SLM stock, which has an average analyst rating of "Hold" and a consensus price target of $29.80. SLM reported mixed quarterly earnings, missing EPS estimates but maintaining its FY 2026 guidance, and announced a quarterly dividend.
The Manufacturers Life Insurance Company acquired 129,101 shares of SLM Corporation, valued at approximately $3.35 million, increasing institutional ownership to 98.94%. Despite mixed analyst sentiment and a consensus "Hold" rating, SLM recently traded at $25.77 within a 52-week range of $17.77 to $32.02. The company missed recent quarterly earnings expectations but declared a quarterly dividend of $0.13, offering a 2.0% annualized yield.
Royal London Asset Management Ltd. has reduced its stake in SLM Corporation by selling 74,336 shares, now holding 1.56 million shares valued at approximately $40.5 million. Despite this, institutional investors maintain a significant 98.94% ownership of SLM. Analysts currently rate SLM with a consensus "Hold" and an average price target of $29.80, even after the company missed its recent quarterly earnings expectations.