SLM Corporation Overview
Pro stress-test →SLM Corporation originates and services private education loans to students and their families to finance the cost of their education in the United States. The company also engages in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts. As the leading private student lender, Sallie Mae serves a critical role in higher education financing.
Strategic Profile
Pro stress-test →Sallie Mae closed 2025 with $3.46 in GAAP diluted EPS and a 5.21% net interest margin with a 34.6% efficiency ratio. Management authorized a new $500 million share repurchase program after buying back 12.8 million shares for $373 million in 2025. The company is balancing capital returns with credit normalization as delinquencies rise moderately.
Competitive Landscape
Pro stress-test →Sallie Mae positions itself as the leader in private student lending. Key competitors include Nelnet (loan servicing and education finance), OneMain Holdings (consumer lending), and other specialty finance lenders. Sallie Mae's dual model combining origination, servicing, and deposit-taking provides competitive differentiation, though rising rates and credit normalization affect the entire sector.
Industry Context
SLM Corporation operates in Education Finance / Specialty Lending.
Key facts
Founded: 1972 · Headquarters: Newark, Delaware · Employees: N/A · Revenue: N/A · Market cap: $5.4B