Core Viewpoint - Sallie Mae is considered a dramatically undervalued company with significant generalist interest from investors [1] Company Overview - Sallie Mae is a private student lender with a history of over 50 years, but its current operational model has been in place for approximately 12 to 15 years [2] - The company emphasizes that students should first seek out free financial resources such as family support, scholarships, and grants before considering private loans [2]

Loan Portfolio and Education Financing - Approximately 96% of the total loan portfolio in repayment is in good standing, with an annual default rate of fewer than 3%[47] - Private Education Loan originations are estimated at $11.5 billion for AY 2024-2025, consistent with the previous year[62] - Total spending on higher education is estimated at $536 billion for AY 2024-2025, up from $466 billion in AY 2020-2021[65] - Approximately 16% or $1.25 billion of the 2025 Private Education Loan originations were for students attending for-profit schools[53] - Average published tuition and fees at four-year public institutions increased at a compound annual growth rate of 2.1% from AY 2021-2022 through 2025-2026[59] - Anticipated changes to federal student loan programs effective July 1, 2026, are expected to increase demand for Private Education Loans, particularly for graduate students and parents[54] - The company expects to expand its product offerings and origination capabilities in response to anticipated increases in demand for Private Education Loans[54] Acquisitions and Business Development - The company acquired Epic Research Education Services, LLC (Nitro) in 2022, enhancing digital marketing capabilities and reducing customer acquisition costs[48][49] - In 2023, the company completed the acquisition of key assets from Scholly, Inc., which operates a scholarship publishing and servicing platform[50] Shareholder Returns and Capital Management - The Bank declared dividends of $700 million, $570 million, and $550 million for the years ended December 31, 2025, 2024, and 2023, respectively, primarily used to fund share repurchase programs and stock dividends[84] - The 2024 Share Repurchase Program had a capacity of $650 million, with $33 million remaining as of December 31, 2025, and a new 2026 Share Repurchase Program was announced with an aggregate repurchase price not to exceed $500 million[85] - The Bank repurchased 12.8 million and 11.6 million shares during the years ended December 31, 2025 and 2024, respectively[86] Regulatory Compliance and Risk Management - The Bank is subject to various regulatory capital requirements, and failure to meet minimum capital requirements could have a material adverse effect on its business[87] - The Bank conducts annual capital stress tests and quarterly liquidity stress tests, presenting results to its prudential regulators[88] - The Dodd-Frank risk retention rules require the Bank to retain at least five percent of the credit risk of assets being securitized, which has been adopted since 2016[100] - The Bank is subject to data privacy and security laws, including the CCPA and CPRA, which impose obligations regarding the handling of personal information[95] - The Volcker Rule does not have a meaningful effect on the company's current operations as it does not materially engage in prohibited businesses[102] Financial Performance and Interest Rate Risk - The company's interest rate risk management program aims to reduce exposure to fluctuations in interest rates, achieving less volatile profit levels[452] - The Earnings at Risk (EAR) analysis for December 31, 2025 indicates a potential decrease in net interest income of -10.2% under a +300 basis point shock scenario[455] - The Economic Value of Equity (EVE) sensitivity analysis shows a potential decrease of -24.2% under a +300 basis point shock scenario[455] - The funding gap analysis as of December 31, 2025, indicates a total assets of $29,746.3 million and total funding of $29,746.3 million, resulting in no overall funding gap[458] - The weighted average life of total earning assets is 4.70 years, while total deposits have a weighted average life of 0.97 years[462] Community Engagement and Workforce - As of December 31, 2025, the company had approximately 1,788 team members, all located in the United States[104] - In 2025, team members donated approximately 3,447 hours through community engagement programs[107] - The company has made significant investments in learning and talent development to support team members' success[106] - The company maintains policies to ensure compliance with U.S. laws and regulations, including the Bank Secrecy Act and economic sanctions[101]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased SLM Corporation securities between July 25, 2025, and August 14, 2025, of the lead plaintiff deadline on February 17, 2026, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought SLM securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by February 17, 2026 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their past successes and recognition in the field [4]. - The firm has achieved significant settlements, including over $438 million for investors in 2019, and has been consistently ranked among the top firms for securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, SLM Corporation made false and misleading statements regarding its financial health, specifically concerning early-stage delinquencies and the effectiveness of its loss mitigation programs [5]. - It is claimed that these misrepresentations led to a materially false impression of SLM's business operations and prospects, resulting in investor damages when the truth was revealed [5].

Core Viewpoint - SLM Corporation is under investigation for potential claims related to a federal securities class action, with a deadline for investors to seek lead plaintiff status set for February 17, 2026 [1] Group 1 - Faruqi & Faruqi, LLP, a prominent national securities law firm, is leading the investigation into SLM Corporation [1] - The investigation pertains to potential claims against SLM Corporation, indicating possible legal challenges ahead for the company [1] - The firm has multiple offices across the United States, including locations in New York, Pennsylvania, California, and Georgia [1]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased SLM Corporation securities between July 25, 2025, and August 14, 2025, of the February 17, 2026, lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought SLM securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by February 17, 2026 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their success in recovering hundreds of millions for investors [4]. - The firm has been recognized for its achievements, including the largest securities class action settlement against a Chinese company and being ranked highly for the number of settlements [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, SLM made false or misleading statements regarding its financial health, specifically concerning early-stage delinquencies and the effectiveness of its loss mitigation programs [5]. - It is claimed that these misrepresentations led to a materially false impression of SLM's business operations and prospects, resulting in investor damages when the truth was revealed [5].

Core Viewpoint - The SLM Corporation, also known as Sallie Mae, is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with investors having until February 17, 2026, to seek lead plaintiff status [1]. Company Overview - SLM Corporation, through its subsidiaries, originates and services private education loans (PELs) [2]. Allegations of the Lawsuit - The lawsuit claims that during the class period, SLM made false or misleading statements and failed to disclose significant increases in early-stage delinquencies, leading to an overstatement of the effectiveness of its loss mitigation and loan modification programs [3]. - On August 14, 2025, TD Cowen reported a 49 basis points month-over-month increase in delinquencies for July 2025, which contradicted SLM's CFO's earlier assurances about delinquency rates following normal seasonal trends. Following this report, SLM's stock price fell by approximately 8% [4]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who invested in SLM securities during the class period to seek appointment as lead plaintiff, representing the interests of the class [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 and $8.4 billion over the past five years [6].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased SLM Corporation securities between July 25, 2025, and August 14, 2025, of the February 17, 2026, lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought SLM securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by February 17, 2026 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting that many firms issuing notices may lack comparable experience [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company, and has consistently ranked highly in securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering substantial amounts for clients [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, SLM made false and misleading statements regarding its financial stability, particularly concerning early-stage delinquencies and the effectiveness of its loss mitigation programs [5]. - It is claimed that these misrepresentations led to a materially false impression of SLM's business operations and prospects, resulting in investor damages when the truth was revealed [5].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against SLM Corporation due to allegations of violations of federal securities laws, particularly concerning misleading statements about the company's financial health and delinquency rates [4][6]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $100,000 in SLM between July 25, 2025, and August 14, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against SLM, with a deadline of February 17, 2026, for investors to seek the role of lead plaintiff [4]. - The complaint alleges that SLM and its executives made false statements regarding the company's delinquency rates and the effectiveness of its loss mitigation programs [6]. Group 2: Financial Performance and Market Reaction - A report from TD Cowen indicated that July 2025 delinquencies increased by 49 basis points month-over-month, which was significantly worse than the expected seasonal increase of 10 basis points [7]. - Following the TD Cowen report, SLM's stock price dropped by $2.67 per share, or 8.09%, closing at $30.32 per share on August 15, 2025 [7]. Group 3: Class Action Participation - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of the class members [8]. - Any member of the putative class can move the court to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [8]. Group 4: Additional Information and Contact - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding SLM's conduct [9]. - For more information about the SLM Corporation class action, interested parties can visit the firm's website or contact partner Josh Wilson directly [9].

Core Viewpoint - The SLM Corporation (Sallie Mae) is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company misrepresented its financial stability and the effectiveness of its loan programs during a specific class period [1][3]. Group 1: Class Action Details - Investors in SLM securities from July 25, 2025, to August 14, 2025, can seek appointment as lead plaintiff in the class action lawsuit, which is titled Zappia v. SLM Corporation [1]. - The lawsuit alleges that SLM and its executives made false statements regarding the company's delinquency rates and the effectiveness of its loss mitigation programs [3][4]. Group 2: Allegations and Financial Impact - The lawsuit claims that SLM experienced a significant increase in early-stage delinquencies, contradicting statements made by the company's CFO about normal seasonal trends [3][4]. - A report from TD Cowen indicated that July 2025 delinquencies rose by 49 basis points month-over-month, which was worse than the expected seasonal increase of 10 basis points, leading to an approximate 8% drop in SLM's stock price following the report [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who suffered losses during the class period to seek lead plaintiff status, which involves directing the class action lawsuit on behalf of all members [5]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized as a leading firm in securities fraud litigation, having recovered over $916 million for investors in 2025 alone [6].

Core Viewpoint - SLM Corporation, also known as Sallie Mae, is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements regarding the company's loan delinquency rates and loss mitigation programs [1]. Summary by Relevant Sections Class Action Details - Investors in SLM securities from July 25, 2025, to August 14, 2025, can seek to be lead plaintiffs in the class action lawsuit titled Zappia v. SLM Corporation [1]. - The lawsuit alleges that SLM and its executives made false statements and failed to disclose significant increases in early-stage delinquencies [1]. Allegations Against SLM - The lawsuit claims that SLM overstated the effectiveness of its loss mitigation and loan modification programs, as well as the overall stability of its private education loan delinquency rates [1]. - A report from TD Cowen on August 14, 2025, indicated that July 2025 delinquencies increased by 49 basis points month-over-month, contradicting SLM's CFO's earlier assurances about normal seasonal trends [1]. Impact on Stock Price - Following the TD Cowen report, SLM's stock price fell by approximately 8%, reflecting investor concerns over the company's financial health [1]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who suffered losses during the class period to seek lead plaintiff status, which involves directing the class action lawsuit on behalf of all class members [1]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [1]. - The firm has a strong track record, recovering $8.4 billion for investors over the past five years, including the largest securities class action recovery in history at $7.2 billion [1].