Financial Astrology of SLM Corporation (SLM)

FINANCIAL ASTROLOGY

First Trade Date for SLM Corporation (SLM)

Company Name	First Trade Date (yyyy-mm-dd)
SLM Corporation (SLM)	1984-04-10

Company Name	Symbol
SLM Corporation (SLM)	SLM
History and Business of Company (this information may include date of incorporation)
SLM Corporation, more commonly known as Sallie Mae, is the market leader in education finance. We were formed 30 years ago as a federally chartered government-sponsored enterprise with the goal of furthering access to higher education by acting as a secondary market for student loans. Today, Sallie Mae is nearing the completion of a historic privatization process that began in 1997. We now provide a comprehensive array of credit products and related services to the higher education community. These include: • FFELP and Private Credit Student Loans, • student loan and guarantor servicing, and • debt management and collection services. We participate in all phases of the student loan process by holding and servicing the loan-from origination and guarantee, through collection, and in some cases, post-default collection. We believe that what distinguishes us from our competition is the breadth and sophistication of the products and services we offer to colleges, universities and students. These include the streamlining of the financial aid process through university-branded web sites, call centers and other solutions that permit financial aid officers to spend more time working with students. Our products and services provide significant cost savings for schools, create time-saving efficiencies for financial aid offices and, in some cases, generate revenues for schools. Our earnings growth is fueled largely by the growth in the Managed student loan portfolio and in our fee-based business lines, coupled with cost-effective financing and operating expense control. We generate the majority of our earnings from the spread between the yield we receive on our managed portfolio of student loans, and the cost of funding these loans. This spread income is reported on our income statement as "net interest income" for on-balance sheet loans, and "gains on student loan securitizations" and "servicing and securitization revenue" for off-balance sheet loans. We also earn fees from student loan servicing, guarantee processing, and default management and collections services, and incur servicing, selling and administrative expenses in providing these products and services. In 2003, we made substantial progress in the Wind-Down of the Student Loan Marketing Association, our government-sponsored enterprise ("GSE") subsidiary. As of December 31, 2003, 78 percent of our Managed student loans were financed outside of the GSE. Sallie Mae has more than 7,500 employees nationwide.

IMPORTANT DISCLAIMER: By reading any of the material on this website you agree to our DISCLAIMER: The Magi Society, Magi Astrologers Worldwide Corporation make no claims whatsoever concerning the validity of the information provided herein, and will not be held liable for any use thereof. No information or opinion expressed here is a solicitation to buy or sell securities, bonds, real estate, commodities, options, futures or any financial instruments whatsoever.