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Press release from Business Wire

The Sallie Mae Fund and Sallie Mae Employees Give $26,000 to Help Fellow Hoosiers Affected by Tornado

Thursday, March 29, 2012

The Sallie Mae Fund and Sallie Mae Employees Give $26,000 to Help Fellow Hoosiers Affected by Tornado13:26 EDT Thursday, March 29, 2012 FISHERS, Ind. (Business Wire) -- In response to the devastating tornado that hit southern Indiana and severely damaged Henryville's three schools, Sallie Mae employees and The Sallie Mae Fund raised more than $26,000 to assist in the rebuilding efforts. Employees who work in Sallie Mae's Indianapolis and Fishers, Ind., offices raised $16,000 within four business days. The funds were contributed to the American Red Cross. Additionally, The Sallie Mae Fund, a charitable organization sponsored by the company, will make a $10,000 grant to the West Clark Community Schools to help the three schools in Henryville replenish school supplies. “The employees at this company are committed to our community, and we wanted to help our fellow Hoosiers impacted by the tornado,” said Jon Kroehler, senior vice president and head of Sallie Mae's Fishers center. “This is the quickest fundraiser we've ever organized. As soon as the tornado happened, employees immediately began pledging support.” Employees also brought in school supplies which will be donated once schools reopen or are relocated to other buildings. School administrators said they hoped to have students back in class by April. The Sallie Mae Fund, a charitable organization sponsored by Sallie Mae, achieves its mission — to increase college access for America's students — by supporting programs and initiatives that help open doors to higher education. The Fund also supports employee volunteerism and community service in the communities where Sallie Mae employees live and work. For more information, visit www.salliemaefund.org. Sallie Mae (NASDAQ: SLM) is the nation's No. 1 financial services company specializing in education. Whether college is a long way off or just around the corner, Sallie Mae turns education dreams into reality for its 25 million customers. With products and services that include college savings programs, scholarship search tools, education loans, tuition insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. 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. Sallie MaeJennifer Zeberkiewicz, 302-283-8206jennifer.zeberkiewicz@salliemae.com