Students and Families Encouraged to Consider Responsible Money Management
RESTON, Va., April 10 /PRNewswire-FirstCall/ -- April is National
Financial Literacy month, and Sallie Mae, the nation's leading saving- and
paying-for-college company, reminds consumers that it is never too early -
or too late - for them to learn more about financial planning and effective
money management.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )
"It is always a good time to start being a savvy consumer," said Martha
Holler, spokesperson, Sallie Mae. "Budgeting your money, borrowing student
loans wisely and weighing your best financial options for college payment
will help save money on the cost of college and keep you out of financial
trouble down the road."
Sallie Mae is committed to promoting financial literacy and smart money
management, and recommends the following resources for students and
families eager to make sound fiscal choices:
Be Debt Smart
Sallie Mae's educational 'Be Debt Smart' campaign provides consumers
with various tools and resources that encourage smart borrowing and
recommend ways to establish and maintain good credit through responsible
financial habits. The 'Be Debt Smart' Web site offers free resources
designed to educate consumers from high school through college graduation
and beyond. To learn how to 'be debt smart', visit
http://www.SallieMae.com/BeDebtSmart.
529 College-Savings Plans
Sallie Mae's Upromise 529 college-savings plans allow individuals to
save money in a tax-deferred account to be used for higher education costs.
Money can be withdrawn at any time, however, only money that is used for
qualified higher education expenses are free of federal income tax. Today,
families have more than $100 billion invested in 529 plans across the
country. To learn more about 529 college-savings plans, visit
http://www.Upromise.com.
Scholarships
CollegeAnswer.com, Sallie Mae's planning- and paying-for-college Web
site, makes it simple for families and students to do their scholarship
homework and search for 'free money' - grants and scholarships - to pay for
college. The Web site gives students free access to the largest online
scholarship search service, with a database containing more than 2.4
million scholarships worth in excess of $15 billion. Visit
http://www.CollegeAnswer.com for more information.
SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the
nation's leading provider of saving- and paying-for-college programs. The
company manages $142 billion in education loans and serves nearly 10
million student and parent customers. Through its Upromise affiliates, the
company also manages $15 billion in 529 college-savings plans, and assists
more than 7.5 million members with automatic savings through rebates on
everyday purchases. 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
http://www.salliemae.com. SLM Corporation and its subsidiaries are not
sponsored by or agencies of the United States of America.
SOURCE SLM Corporation
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Related links:
http://www.salliemae.com
http://www.CollegeAnswer.com http://www.Upromise.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/827187.html/
CONTACT:
Erica Eriksdotter of SLM Corporation,
+1-703-984-5628, erica.eriksdotter@salliemae.com
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