Sallie Mae Thanks Veterans and Honors Their Service with $50,000 Grant to Folds of Honor

Grant from The Sallie Mae Fund Supports Scholarships for Spouses and Dependents of Military Servicemembers Fallen or Disabled While on Active Duty

Company Reaffirms Commitment to Helping the Families of Servicemembers Make College Happen

Thursday, November 10, 2016 11:00 am EST

Dateline:

NEWARK, Del.

Public Company Information:

NASDAQ:
SLM
"In return, it is our privilege to help veterans and their families benefit from higher education, and to support Folds of Honor."

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae – the nation’s saving, planning, and paying for college company – will observe Veterans Day with a donation of $50,000 to Folds of Honor, a national nonprofit organization that provides educational scholarships to the spouses and dependent children of servicemembers fallen or disabled while on active duty. The grant is from The Sallie Mae Fund, Sallie Mae’s charitable foundation.

“It is an honor to have Sallie Mae stand with us again in our mission to provide educational scholarships,” said Major Dan Rooney, Folds of Honor founder and F-16 fighter pilot who served three tours of duty in Iraq. “Partners like Sallie Mae allow us to provide this support to those who most certainly deserve it, and we can help ensure that no family is left behind in the pursuit to protect our American freedoms.”

In addition to providing scholarship support, Sallie Mae offers a number of resources to help military families manage student loans before, during, and after deployment. The company has a team of specially trained customer service representatives who work exclusively with military families, and tips, tools, and resources are available on SallieMae.com. Sallie Mae makes it easy for customers to request military benefits, and goes a step further by proactively providing benefits for eligible customers.

“We take time out on Veterans Day to pause and be mindful of the men and women who have chosen to place service over self, but we realize we benefit every day from the sacrifices they make to safeguard our freedom,” said Raymond J. Quinlan, chairman and chief executive officer, Sallie Mae. “In return, it is our privilege to help veterans and their families benefit from higher education, and to support Folds of Honor.”

Many of Sallie Mae’s employees are current or former servicemembers, and the company is committed to supporting them. Earlier this year, Sallie Mae managers were recognized with the Patriot Award from the Employer Support of the Guard and Reserve for their support of military service member employees. Sallie Mae also formally renewed its Statement of Support for the Guard and Reserve, pledging to give managers the tools they need to effectively support employees who serve in the Guard and Reserve; to encourage employment opportunities for active, transitioning, and veteran service members; and to continually recognize and support service members and their families in peace, in crisis, and in war.

For more information about the benefits and resources available to military personnel, visit SallieMae.com/military. To speak with the dedicated customer service team for military families, call (855) 534-2668. For more information on saving, planning, and paying for college, visit SallieMae.com.

Folds of Honor is a 501(c)(3) nonprofit organization that provides educational scholarships to families of military men and women who have fallen or been disabled while on active duty in the United States Armed Forces. Our educational scholarships support private education tuition and tutoring for children in grades K-12, as well as higher education tuition assistance for spouses and dependents. Founded in 2007 by Major Dan Rooney, an F-16 fighter pilot in the Oklahoma Air National Guard who served three tours of duty in Iraq, Folds of Honor is proud to have awarded more than 10,000 scholarships in all 50 states, as well as in Guam, Puerto Rico and the Virgin Islands. For more information or to make a donation, visit FoldsofHonor.org or connect on Facebook or Twitter.

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.

Contact:

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