Sallie Mae and National Association of Insurance and Financial Advisors Partner to Offer Free College Planning Tools

Partnership Designed to Help NAIFA Members and Clients Effectively
Save, Plan, and Pay for College

NEWARK, Del.–(BUSINESS WIRE)–#financialliteracy–Sallie Mae, the nation’s saving, planning, and paying for college
company, and the National Association of Insurance and Financial
Advisors (NAIFA),
one of the nation’s largest professional associations, today announced a
new partnership to offer free, comprehensive college planning tools to
NAIFA members and their clients. The partnership will provide NAIFA’s
nationwide network of 40,000 insurance and financial advisors with free
college planning tools from Sallie Mae to help their clients make
well-informed decisions when it comes to paying for college.

“NAIFA members provide a range of services to help consumers secure
their financial futures, from health insurance and employee benefits, to
life insurance and annuities, and financial advising and investments.
Just like other financial advice, advisors want to make sure parents
know the options available when it comes to paying for college, so many
NAIFA members have incorporated college planning into their practices,”
said NAIFA CEO Kevin Mayeux, CAE. “NAIFA is pleased to enter into a
partnership with Sallie Mae to provide members access to additional
tools and resources in this important area.”

According to “How
America Pays for College 2017
,” the national study by Sallie Mae and
Ipsos, nearly all families believe college is a worthwhile investment,
and nearly nine in 10 say they expect from as early as preschool that
their child will go to college. Only four in 10 families, however, have
a plan to pay for college. The free tools offered by Sallie Mae and
NAIFA can help families get started.

“We know that families who have a plan for college are generally more
prepared to pay for college and ultimately borrow less. For many the
greatest obstacle is just getting started,” said Martha Holler, senior
vice president, Sallie Mae. “Our new partnership with NAIFA will provide
a suite of tools and resources to help NAIFA members and their clients
do just that.”

Sallie Mae will offer a variety of planning tools including, Scholarship
Search, an easy to use tool where students register (free of charge),
fill out a brief profile, and receive matches that identify relevant
scholarships and their award amounts, application requirements, and
deadlines. The tool automatically sends updates when it identifies new
matches.

In addition, Sallie Mae will provide materials on a variety of paying
for college topics, such as tips for completing the Free Application for
Federal Student Aid (FAFSA), analyzing financial aid letters, and
industry leading research, including How
America Pays for College
, How
America Saves for College
, and Majoring
in Money
. Sallie Mae will also provide options to fill any financing
gaps after scholarships, grants, and federal loans, including private
student loans
for students and parents.

For more information visit NAIFA.org.

About NAIFA: Founded in 1890 as The National Association of Life
Underwriters (NALU), NAIFA is the oldest, largest and most prestigious
association representing the interests of insurance professionals from
every Congressional district in the United States. NAIFA’s legacy of
leadership and vision has a lasting impact as the founder of multiple
organizations now serving the industry. Its mission – to advocate for a
positive legislative and regulatory environment, enhance business and
professional skills, and promote the ethical conduct of its members – is
the reason NAIFA has consistently and resoundingly stood up for agents
and called upon members to grow their knowledge while following the
highest ethical standards in the industry.

Sallie Mae (Nasdaq: SLM) is the nation’s saving, planning, and
paying for college company. Whether college is a long way off or just
around the corner, Sallie Mae offers products that promote responsible
personal finance, including private education loans, Upromise rewards,
scholarship search, college financial planning tools, and online retail
banking. Learn more at SallieMae.com.
Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are
not sponsored by or agencies of the United States of America.

Contacts

Sallie Mae
Liz Margolis, 302-451-0598
elizabeth.margolis@salliemae.com

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