Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors in SLM Corporation, alleging that the company misled investors regarding its loss mitigation and loan modification programs during a specific period in 2025 [1][2]. Group 1: Allegations and Findings - The complaint states that SLM Corporation failed to disclose a significant increase in early-stage delinquencies during the class period, leading to an overstatement of the effectiveness of its loss mitigation and loan modification programs [3]. - A report from TD Cowen on August 14, 2025, 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, driven by a 45 basis point rise in early-stage delinquencies [4]. - The findings from TD Cowen contradicted SLM's previous assurances that delinquency rates were following normal seasonal trends, resulting in a stock price drop of $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [4]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against SLM Corporation, with the option to serve as lead plaintiff or remain an absent class member [5]. - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for participation [6].