Sallie Mae Thanks Veterans and Honors Their Service with $60,000 in Grants to Military Scholarship Funds

The Sallie Mae Fund Supports Folds of Honor and Marine Corps
Scholarship Foundation

Company Reaffirms Commitment to Helping Servicemembers and Their
Families Make College Happen

NEWARK, Del.–(BUSINESS WIRE)–Sallie Mae – the nation’s saving, planning, and paying for college
company – will observe Veterans Day throughout the week of Nov. 9 with
$60,000 in grants for military scholarships and special expressions of
gratitude to customers and employees for their military service.

The
Sallie Mae Fund, Sallie Mae’s charitable foundation, donated $50,000
to Folds
of Honor, a national nonprofit organization that provides
scholarships to the spouses and dependent children of servicemembers
killed or disabled while on active duty. The Sallie Mae Fund has also
donated $10,000 to the Marine
Corps Scholarship Foundation to support the fundraising efforts of
Laurent C. Lutz, Sallie Mae executive vice president, general counsel,
and corporate secretary, who ran in the 2015 Chicago Marathon on behalf
of the Foundation, which is the nation’s oldest and largest provider of
need-based scholarships to military children.

“Of the one million-plus dependents adversely affected by military
deployments, nearly nine out of 10 do not qualify for federal
scholarship assistance,” said Major Dan Rooney, Folds of Honor founder
and F-16 fighter pilot who served three tours of duty in Iraq. “Thanks
to partners like Sallie Mae, we can provide scholarship assistance to
those who most certainly deserve our support, and we can help ensure
that no family is left behind on the field of battle.”

This week, thousands of Sallie Mae customers who are current or former
servicemembers will receive thank-you notes acknowledging the sacrifices
they have made on behalf of their country. In addition, the company will
hold a special ceremony and moment of silence at its headquarters on
Veterans Day. Employees are also being encouraged to wear red on Nov. 13
to support the Red Shirt Fridays (Remember
Everyone Deployed) movement. Many of Sallie Mae’s employees are
current or former servicemembers, some of whom are featured
on SallieMae.com.

“We are profoundly grateful to the men and women who selflessly
safeguard our freedom, and we salute them not just on Veterans Day, but
every day, by helping make college more accessible and affordable for
veterans and their families,” said Raymond Quinlan, chairman and chief
executive officer, Sallie Mae. “It is an honor to serve them any way we
can.”

Sallie Mae offers a number of resources to help military families manage
student loans before, during, and after deployment. The company has a
team of specially trained customer service representatives who work
exclusively with military families, and tips, tools, and resources are
available on SallieMae.com.
Sallie Mae makes it easy for customers to request military benefits, and
goes a step further by proactively applying benefits for eligible
customers.

For more information about the benefits and resources available to
military personnel, visit SallieMae.com/military.
To speak with the dedicated customer service team for military families,
call (855) 534-2668. For more information on saving, planning, and
paying for college, visit SallieMae.com.

Folds of Honor is a 501(c)(3) charitable organization based in
Owasso, Okla., with a mission to empower military families by providing
educational scholarships and assistance for the children and spouses of
military service men and women killed or disabled while on active duty.
Since its founding in 2007 by Major Dan Rooney, a former F-16 fighter
pilot in the Oklahoma Air National Guard, PGA Professional, and USGA
member, Folds of Honor has raised more than $27.4 million for
educational scholarships, and awarded more than 10,000 scholarships in
all 50 states. For more information or to make a donation, visit FoldsofHonor.org
or connect on Facebook
or Twitter.

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
Ellen J. Roberts, 302-451-0428
Ellen.roberts@salliemae.com