Business Summary SLM Corporation (Sallie Mae) is the leading private student loan lender in the United States, operating primarily through its wholly owned subsidiary Sallie Mae Bank, a Utah industrial bank. The company focuses on originating and servicing high-quality private education loans that bridge the gap between higher education costs and available federal aid, family savings, and scholarships. In 2025, SLM originated approximately $7.4 billion in Private Education Loans (up 6% year-over-year), holding $20.3 billion in net loans as of December 31, 2025, while also expanding into capital-light strategic partnership structures and education solutions tools.
Products & Services - Smart Option Student Loan (primary product): undergraduate private education loans with three repayment options — interest-only, fixed payment, and deferred; both variable- and fixed-rate - Graduate program loans: Law School Loan, MBA Loan, Graduate School Loan for Health Professions, Medical School Loan, Dental School Loan, Graduate School Loan - Non-cost-of-attendance loans:...
AI-generated summary of Item 1 (Business) from the 10-K filed Feb 19, 2026 — View filing on SEC.gov. May contain errors — refer to the filing for authoritative information.
Across SEC filings
Institutional holders · 13F
Q2 2026| Largest holders | Reported value |
|---|---|
| BlackRock Inc | $455.6M |
| FMR LLC | $442.3M |
| Brave Warrior Advisors LLC | $347.1M |
| PRICE T ROWE ASSOCIATES INC MD | $324.8M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $249.6M |
Annual results · 10-K
Fiscal 2025- Net income
- $744.8M
As reported in the fiscal 2025 annual report.
Funds & ETFs · N-PORT
Federal lobbying · LD-2
Insider trades · Form 4
No open-market purchases or sales by Sallie Mae insiders in the last 12 months.
Latest filings
- Peter M Graham 2026-11-03 -
- Christopher T. Leech 2026-09-18 Award
- Mark L Lavelle 2026-09-18 Award
- Henry F Greig 2026-09-18 Award
- Richard Scott Blackley 2026-09-18 Award
5%+ holders · 13D/G
6 filers| Filer | % of class | Filed |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC MD 13G | 6.6% | 2026-08-14 |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 13G | 2.6% | 2026-05-13 |
| VANGUARD CAPITAL MANAGEMENT LLC 13G | 5.1% | 2026-04-30 |
| Brave Warrior Advisors LLC 13G | 6.3% | 2025-11-06 |
| FMR LLC 13G | 8.9% | 2025-05-12 |
| Impactive Capital LP 13D | 4.4% | 2025-05-09 |
Latest Schedule 13D or 13G from each filer; stakes a filer has reported closed are left out.
Securities
| CUSIP | Security | Type |
|---|---|---|
| 78442P601 | ISM SLM CORPORATION 6 398 CPI LKD | Common stock |
| 78442P304 | JSM SLM CORP SR NT 12 15 2043 | Common stock |
| 78442P403 | OSM SLM CORP CPI LINKED NT FLTG RA | Common stock |
| 78442P106 | SLM SLM CORP | Common stock |
| 78442P205 | SLMAP SLM CORP | Common stock |
| 78442P700 | SLMVP SLM CORP | Common stock |
| 78442P502 | SLMBP SLM CORP | Preferred stock |
| 78442PAC0 | SLM SLM CORP | Bond |