SLM Corp
SLM Corporation, trading as Sallie Mae on the NASDAQ Global Select Market, operates as the premier financial brand in higher education through its website at www.salliemae.com. The company functions as an education solutions company providing students and families with products and services to navigate their higher… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What SLM Corp does
In the company’s own words
SLM Corporation, trading as Sallie Mae on the NASDAQ Global Select Market, operates as the premier financial brand in higher education through its website at www.salliemae.com. The company functions as an education solutions company providing students and families with products and services to navigate their higher education journey, supporting borrowers to, through, and immediately after college.
The company's core business centers on originating and servicing private education loans, which are education loans not made, insured, or guaranteed by any state or federal government. Sallie Mae originated approximately $7.4 billion in private education loans during 2025 and held $20.3 billion in private education loans for investment as of December 31, 2025. The company serves more families than any other private student loan lender and maintains relationships with more than 2,100 higher education institutions through its relationship management team.
Sallie Mae Bank, a wholly owned subsidiary established in 2005 and regulated by the Utah Department of Financial Institutions, the FDIC, and the Consumer Financial Protection Bureau, offers traditional savings products including high-yield savings accounts, money market accounts, and certificates of deposit alongside private education loan origination. As of December 31, 2025, the Bank held total assets of $29.7 billion and total deposits of $21.5 billion.
The company's primary private education loan product is the Smart Option Student Loan, which emphasizes in-school payment features. Sallie Mae also offers specialized loan products for graduate programs including law school, MBA, medical school, dental school, and health professions loans. The company's lending philosophy emphasizes responsible borrowing and includes features such as no origination fees, no prepayment penalties, interest rate reductions for auto-debit enrollment, and loan forgiveness upon borrower death or permanent disability.
In 2022, Sallie Mae acquired Nitro College to enhance digital marketing capabilities and expand its role as an education solutions provider. The company completed acquisition of key assets from Scholly in 2023, adding a scholarship search platform. During 2025, Sallie Mae announced its first private credit strategic partnership, establishing a capital-light, fee-based revenue model while maintaining customer relationships and servicing operations.
Company details
- Sector
- Financials
- Industry (SIC)
- Banks & Brokers
- Headquarters
- NEWARK, DE
- Fiscal year end
- December
- CIK
- 1032033
- SIC
- 6141
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns SLM Corp — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in SLM Corp · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · SLM Corp’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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