RESTON, Va., April 11 /PRNewswire-FirstCall/ -- Sallie Mae (NYSE: SLM)
today issued the following statement regarding its adoption of the New York
Attorney General's Student Loan Code of Conduct:
"We are pleased that Attorney General Cuomo has recognized Sallie Mae's
leadership in the student loan industry and our ethical market practices
with students and schools. No schools are being asked to return money as a
result of their relationship with Sallie Mae.
Sallie Mae has cooperated with this inquiry since its inception, and,
as the industry leader, we have been confident throughout that our policies
and procedures would stand tall.
We are delighted to join the Attorney General as part of our ongoing
efforts to educate consumers on financing college. Through Sallie Mae and
our charitable arm, The Sallie Mae Fund, we spend millions each year to
inform students and families about how to access higher education and how
to manage their debt. We thank the Attorney General for his leadership in
this area."
(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )
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
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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