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Press release from Business Wire

ConnectEDU and Sallie Mae Help High School Students Plan for Financial Independence with New Connect! No Fee Student Checking by Sallie Mae

<p class='bwalignc'> <i>All the features students want without the monthly maintenance fees</i> </p>

Wednesday, May 09, 2012

ConnectEDU and Sallie Mae Help High School Students Plan for Financial Independence with New Connect! No Fee Student Checking by Sallie Mae12:40 EDT Wednesday, May 09, 2012 NEWARK, Del. (Business Wire) -- As they plan for college, students need to prepare to become more financially independent. ConnectEDU and Sallie Mae have teamed up to offer the new Connect! No Fee Student Checking by Sallie Mae, their first banking product for students. “One of the goals of our partnership is to provide students with a single destination for college resources, leading to informed student decisions and smart financial decisions as well,” said ConnectEDU CEO Craig Powell. “We're excited to roll out our no fee account with easy access to cutting edge technology which is the smart banking solution for students and parents.” In addition to no monthly maintenance fees or minimum balance requirements, the account offers other student-friendly features like remote check deposit, account alerts, and easy mobile and online account management. The account also provides fee-free access to 35,000 in-network ATMs nationwide and is eligible for a $10 sign-on bonus. “This is an ideal banking solution for busy students. Everything can be done right from their smartphone or computer,” said Charlie Rocha, senior vice president, Sallie Mae. “Accounts are designed to help students learn about and achieve financial stability with the ability to view account balances and the peace of mind of no excessive fees.” ConnectEDU's web-based service is available through a network of more than 100,000 high schools, colleges and employers. The service offers academic planning, college selection, and career opportunities to more than 5 million high school and college-aged students. Students enrolled with ConnectEDU can apply for the Connect! No Fee Student Checking account online at connectedu.net. 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. ConnectEDU is a technology company, founded and grounded in education, committed to transitioning 21st Century Learners on their pathways from school to college to career, helping them realize their potential, achieve a secure financial future, and ultimately connect to life's possibilities. ConnectEDU was created in 2002 by Craig Powell, an entrepreneur with a passion for ensuring that all students have access to the expertise needed to maximize their educational potential. Today, ConnectEDU is the world's largest education network, with nearly 20 million registered learners, over 4,000 educational institutions, and 130,000 employers. For Sallie MaeDebby Hohler, 617-454-6741dhohler@upromise.comorKaty Henderson, 617-532-3078khenderson@connectedu.com