Sallie Mae Announces Sale of Residual Interest in a Federally Guaranteed Student Loan Trust

  Sallie Mae Announces Sale of Residual Interest in a Federally Guaranteed
  Student Loan Trust

Business Wire

NEWARK, Del. -- February 13, 2013

Sallie Mae (NASDAQ: SLM), formally SLM Corporation, today announced that it
has sold the residual interest in its SLM Student Loan Trust 2007-4
securitization to a third party. Sallie Mae will continue to service the
student loans in the trust under existing agreements. The sale will remove
student loan assets of $3.8 billion and related liabilities of $3.7 billion
from Sallie Mae’s balance sheet. The gain from the transaction will add $.08
to Sallie Mae’s 2013 GAAP and core earnings per share.

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.

Contact:

Sallie Mae
Media:
Patricia Nash Christel, 302-283-4076
patricia.christel@SallieMae.com
or
Investors:
Joe Fisher, 302-283-4075
joe.fisher@SallieMae.com
or
Steven McGarry, 302-283-4074
steven.j.mcgarry@SallieMae.com