2008-06-10 23:43:32 -

www.salliemae.com - Sallie Mae Media: Tom Joyce, +1-703-984-5610 tom.joyce@salliemae.com or Martha Holler, +1-703-984-5178 martha.holler@salliemae.com or Investors: Steve McGarry, +1-703-984-6746 steven.j.mcgarry@salliemae.com Sallie Mae, the nation's leading saving- and paying-for-college company, today reiterated its commitment to fund every eligible federal student loan application received from every student at every school for the upcoming academic year.

"Some lenders have ceased lending to

certain school types, such as two-year and proprietary institutions. We want students at those schools to know that we will lend to all students at all schools who need a federal loan to pay for college, just as we have for the last 35 years," said C.E. Andrews, president, Sallie Mae.

SLM Corporation (NYSE:SLM), commonly known as Sallie Mae, is the nation's leading provider of saving- and paying-for-college programs. The company manages more than $169 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages nearly $19 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with more than 8.5 million members and $425 million in member rewards. Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies. More information is available at www.salliemae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Company Ready to Process Applications for Stafford Loans with New,
Increased Loan Limits