Sallie Mae Recognized for Diversity of Its Board of Directors

Forum of Executive Women’s Champion of Diversity Award Honors
Public Companies With at Least 25 Percent Women on Their Boards of
Directors

NEWARK, Del.–(BUSINESS WIRE)–SLM Corporation (Nasdaq: SLM) — more commonly known as Sallie Mae, the
nation’s saving, planning, and paying for college company — announced
today it has received the Champion of Diversity award from The
Forum of Executive Women
. The award recognizes public companies in
the Philadelphia region with 25 percent or more women on their boards of
directors.

“We congratulate Sallie Mae on its commitment to capitalizing on the
expertise and experience of women leaders, and for recognizing this is a
strategic issue important to its success,” said Suzanne S. Mayes, Esq.,
president, The Forum of Executive Women. “It is exciting to see a
company whose mission is to help young people access higher education
set an example from the very top that gender is no obstacle to
achievement.”

According to “Women
on Boards 2016
,” a report produced annually by The Forum and PwC,
Sallie Mae is one of only 19 companies in the region to qualify for the
Champion of Diversity award. The recipients were identified through
research of companies listed in the Philadelphia Business Journal’s 2015
rankings of the region’s top 100 public companies by revenue.

“By helping to make the dream of higher education a reality we are an
equalizer of opportunity and that’s a view we embrace not just at the
board level but throughout our company,” said Raymond J. Quinlan,
chairman and CEO, Sallie Mae. “To best serve our customers and our
employees, we seek diversity not only in identity but also in thought,
opinion, personality, and experience, and we have those traits in
abundance at Sallie Mae.”

The gender diversity on Sallie Mae’s Board has also been recognized by 2020
Women on Boards
, a national nonprofit organization working to
increase the percentage of women on corporate boards to 20 percent by
the year 2020. In its “2020
Gender Diversity Directory
,” Sallie Mae is listed as a “Winning (W)
Company” for having at least 20 percent female representation on its
board. Of the 1,744 public companies the organization evaluated last
year, only 40 percent earned “W” designations.

Sallie Mae offers a variety of tips, tools, and resources to help
students and families save, plan, and pay for college, all available at SallieMae.com.

Sallie Mae (Nasdaq: SLM) is the nation’s saving, planning, and
paying for college company. Whether college is a long way off or just
around the corner, Sallie Mae offers products that promote responsible
personal finance, including private education loans, Upromise rewards,
scholarship search, college financial planning tools, and online retail
banking. 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.

Contacts

Sallie Mae
Ellen J. Roberts, 302-451-0428
ellen.roberts@salliemae.com