The Sallie Mae Fund Commemorates Veterans Day With $50,000 Contribution to Folds of Honor

Grant Will Support Scholarships for Children and Spouses of Military Servicemembers

S allie Mae Employees Honor Veterans at Company Headquarters with Performance by Student from Cab Calloway School of the Arts

Monday, November 11, 2019 12:43 pm EST

Dateline:

NEWARK, Del.
"We are privileged to celebrate and honor the duty, service, and sacrifice of our nation’s veterans, not just today, but every day"

NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund, the charitable arm of Sallie Mae®, reinforced its commitment to military servicemembers through a $50,000 grant to Folds of Honor. The contribution, presented during a Veterans Day event at Sallie Mae’s headquarters in Newark, Delaware, will help provide scholarships for children and spouses of disabled and fallen military servicemembers. Since 2014, The Sallie Mae Fund has contributed more than $300,000 to Folds of Honor.

Sallie Mae Chairman and CEO, Raymond J. Quinlan, along with leadership and employees, was joined by Allen Wronowski of Folds of Honor, and Colleen O’Hare, a Gold Star Widow who sent her children to college with the help of scholarships from Folds of Honor. Zachary Finn, a high school senior from Cab Calloway School of the Arts, performed the national anthem.

“Our motto is ‘Honor Their Sacrifice and Educate Their Legacy,’ and through partners, like Sallie Mae, we put those words into action,” said Wronowski. “Sallie Mae’s support provides a pathway to higher education for the families of servicemembers and helps them build the kind of futures their loved ones fought so hard to protect.”

In addition to contributions to organizations like Folds of Honor, Sallie Mae demonstrates its commitment to veterans and servicemembers year-round with resources and benefits for customers and employees in the military. The company employs a team of specially trained customer service advisors who work with military families to provide unique and personal assistance. This dedicated group can help customers with military benefits, make arrangements for their loans while they are deployed, and support them as they transition back to school or into repayment.

For Sallie Mae employees on active military duty, the company extends its benefits beyond what is required by federal or state law and offers flexible scheduling and time off for training and deployment. This includes time to make financial, legal, childcare, parent care, and other arrangements necessitated by the employee’s service. These efforts have been recognized by the Delaware Employer Support of the Guard and Reserve, which presented the Pro Patria Award, its highest honor, to Sallie Mae in 2018.

“We are privileged to celebrate and honor the duty, service, and sacrifice of our nation’s veterans, not just today, but every day,” said Raymond J. Quinlan, Chairman and CEO, Sallie Mae. “Our support of Folds of Honor is a natural extension of our mission to help people build prosperous futures, as we continue to strengthen our commitment to military servicemembers and their families.”

For more information about the benefits and resources available to military personnel, visit SallieMae.com/military.

The Sallie Mae Fund, the charitable arm of Sallie Mae, expands pathways for the successful development of youth, works to open doors to higher education, and supports employee volunteerism and communities, including those where Sallie Mae employees live and work.  Since 2014 alone, it has awarded nearly $2 million in grants to local nonprofit organizations.

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Contact:

Connor Peoples
302.451.0402
connor.peoples@salliemae.com