Sallie Mae Awards $150,000 in Scholarships to Help Employee Families Pay for College

Company’s Family Scholarship Program Has Helped More Than 300 Employee Families Pay for College

Tuesday, July 25, 2017 1:48 pm EDT

Dateline:

NEWARK, Del.

Public Company Information:

NASDAQ:
SLM
"As I enter my sophomore year at Purdue, I continue to build on a solid foundation of the fundamental research, development, and designs of aeronautical engineering"

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae, the nation’s saving, planning, and paying for college company, today announced it has awarded $150,000 in scholarships to 30 children of employees as part of the company’s Family Scholarship Program. To date, more than 300 children of Sallie Mae employees have benefited from the program, which has distributed more than $1.6 million in scholarships.

The Sallie Mae Family Scholarship Program awards $5,000 scholarships, each of which is renewable for up to three years — or up to $20,000 per student — until the student earns a bachelor’s degree or certificate. For academic year 2017-18, the company provided 10 scholarships and extended 20 scholarship renewals.

“Our mission is to help families achieve the dream of a higher education and that also extends to our own family here at Sallie Mae,” said Bonnie Rumbold, chief human resources officer, Sallie Mae. “This year’s recipients are a diverse and accomplished group of young people with interests that range from engineering to nursing. We look forward to tracking their progress along with their proud parents!”

This year’s Sallie Mae Family Scholarship recipients include:

  • Daniel Booth of Carmel, Indiana, who is studying forest resource management at Southern Illinois University Carbondale
  • Katie Chandler of Peru, Indiana, who plans to study speech language pathology at Ball State University
  • Taryn Dissett of Cicero, Indiana, who is studying business at the University of Southern Indiana
  • Piper Fries of Cincinnati, Ohio, who is studying marketing and business at the University of Cincinnati
  • Grace Hamilton of Hockessin, Delaware, who plans to study nursing at DeSales University
  • Bobby Marino of Indianapolis, Indiana, who is studying aeronautical engineering at Purdue University
  • Virginia Milham of Newark, Delaware, who is studying nursing at Delaware State University
  • Sarah Muhs of Pennsville, New Jersey, who plans to study fashion merchandising at the University of Delaware
  • DiAsia Polk of Clayton, Delaware, who is studying nursing at Delaware State University
  • Justin Trandel of Noblesville, Indiana, who is studying finance at Indiana University Bloomington

“As I enter my sophomore year at Purdue, I continue to build on a solid foundation of the fundamental research, development, and designs of aeronautical engineering,” said scholarship recipient, Bobby Marino. “I was honored to receive the Sallie Mae Family Scholarship, which will go a long way in helping my family pay for college and preparing me for a future career in aerospace.”

“I’ve always been passionate about expressing myself through my personal style and fashion, but I know that behind the glitz and glamour of the runway, there is an important business and technical side of the industry,” said upcoming college freshman and scholarship recipient, Sarah Muhs. “Thanks to the Sallie Mae Family Scholarship, I am one step closer to learning how to gain the skills and confidence I need to help make my dream come true of someday working in the highly-competitive fashion industry.”

The Sallie Mae Family Scholarship Program is open to dependent children of full- or part-time Sallie Mae employees with at least one year of service. Awards are merit-based; academic record, community involvement, honors, work experience, and other factors are considered. Applicants must be high school seniors or graduates who will attend an accredited two- or four-year college, university, or vocational-technical school full-time in the upcoming academic year.

To access free online tools and resources to save, plan, and responsibly pay for college including Sallie Mae’s Scholarship Search tool, visit SallieMae.com.

For more information about opportunities to join the Sallie Mae family of employees, visit SallieMae.com/about/careers.

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
Bethany K. Toll, 302-451-4985
Bethany.Toll@salliemae.com