RESTON, Va., Oct. 2 /PRNewswire-FirstCall/ -- SLM Corporation (NYSE:
SLM), commonly known as Sallie Mae, issued the following statement in
response to a recent media statement from its buyers:
"Our contract is with Bank of America and JPMorgan Chase, two of
America's largest and strongest banks. We expect these banks to honor that
contract, not breach the contract."
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 $153 billion in education loans and serves nearly 10
million student and parent customers. Through its Upromise affiliates, the
company also manages $18 billion in 529 college-savings plans, and 8
million members have joined Upromise to help save for college with rewards
on purchases at nearly 70,000 places. 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 Sallie Mae
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Related links:
http://www.salliemae.com
http://www.prnewswire.com/comp/827187.html/
CONTACT:
Investors, Steve McGarry, +1-703-984-6746, or
Media, Tom Joyce, +1-703-984-5610, both of Sallie Mae
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