University of Iowa Junior Wins a Full Ride to College from Upromise by Sallie Mae

  University of Iowa Junior Wins a Full Ride to College from Upromise by
  Sallie Mae

Grand Prize Winner of “Make the Pledge, Keep the Promise” Sweepstakes Receives
                          $150,000 for His Education

Business Wire

NEWARK, Del. -- February 6, 2013

Pursuing his bachelor’s degree and an M.B.A. just became much easier for Adam
Schweickert and his family, thanks to Sallie Mae’s Upromise. As the grand
prize winner of Upromise by Sallie Mae’s “Make the Pledge, Keep the Promise”
Sweepstakes, the 20-year-old junior at the University of Iowa and Peru, Ill.,
resident won $150,000 by making a pledge to save for his education.

“I was speechless when I learned Upromise by Sallie Mae will pay for my
education and that paying for college is no longer a concern for my family,”
says Schweickert. “Paying for college has been challenging, and now we can pay
back money my parents borrowed for my education, plus cover the remainder of
my college expenses including an M.B.A.”

Schweickert, the oldest of two children in his family, started his higher
education at a local community college, regularly made the honor roll and
transferred to the University of Iowa to pursue a degree in finance. To cover
costs, his family used a combination of income, saving and borrowed money.

“Our contest inspired thousands of students and families to make a commitment
to save for college,” said John Ward, senior vice president, Sallie Mae.
“Sallie Mae’s Upromise college savings program serves as a continual reminder
that there are tools and resources to help every American save little by
little each and every day to help them pursue their educational dreams.
Upromise rewards sound too good to be true, but clearly for Adamand the
millions of others who have earned more than $725 million in savings for
college, that is not the case.”

Whether saving for your child's college education, paying for a child now in
school, or repaying student loans, Upromise by Sallie Mae enables American
families to earn cash back for college through everyday purchases. Free to
join, members can earn cash for college by shopping online at hundreds of
major retailers, dining out, buying gas or using the Upromise credit card.

“With my son in college now and my daughter on her way in the fall, this is
like winning the education lottery!” said Christine Schweickert, Adam’s
mother. “And now I know more about how to save with Upromise when I need to
make purchases. I had no idea that Upromise could help families like ours save
for college so easily.”

Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company
specializing in education. Celebrating 40 years of making a difference, Sallie
Mae continues to turn education dreams into reality for American families,
today serving 25 million customers. With products and services that include
529 college savings plans, Upromise rewards, scholarship search and planning
tools, education loans, 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.

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Contact:

Media
Sallie Mae:
Debby Hohler, 617-454-6741
dhohler@upromise.com