Market Overview

Sallie Mae and Chegg Introduce Enhanced Studying and Tutoring Benefit for Undergraduate Students


Study Starter is a Unique and Exclusive Benefit for Sallie Mae
Student Loan Customers That Gives Students Free Access to Studying Help
and Online Tutoring from the Experts at Chegg

Sallie Mae (NASDAQ:SLM), the nation's saving, planning, and paying for
college company, and Chegg Inc. (NYSE:CHGG), a leading provider of
digital student services, today introduced a newly enhanced studying and
tutoring benefit to support student success. Study
is an exclusive benefit that gives students free 24/7 access
to a suite of study support services from the Chegg platform. Sallie Mae
is the first and only private student lender to offer this in-school
benefit to its customers.

Study Starter is now available to all Sallie
Mae undergraduate private student loan
customers and Sallie
Mae Parent Loan
customers with a new loan. For Academic Year
2018-19, the benefit includes:

Four Months of Chegg Study
Connects students with Chegg's Textbook Solutions and Expert Answers
services that offer step-by-step solutions for thousands of the most
popular college textbooks and access to a database of more than 22
million fully-solved study questions. More than 90 percent of students
using Chegg Study say it helped them get their homework done with less

30 Minutes of Chegg Tutors – Matches
students with online tutors available 24/7 for instant or scheduled
one-on-one help with an academic subject, coursework, or exam prep.
Students receive instruction from tutors via video or text chat while
sharing work on-screen. Eighty-nine percent of students using Chegg
Tutors say it helped them get a better grade on an assignment or exam.

Four Months of EasyBib Plus
Unlimited access to a web-based bibliography generator that can create
citations in various style guides; proof papers to prevent unintentional
plagiarism; and a copyediting feature for grammar, spelling, and style
feedback to improve writing skills. Eighty-four percent of students say
EasyBib is the fastest way to make accurate citations.

First launched in 2017, the Study Starter benefit represents a shared
commitment between Sallie Mae and Chegg Inc. to make college happen and
improve student outcomes. The agreement extends through 2021.

"Sallie Mae shares Chegg's dedication to supporting students to be both
financially and academically successful," said Mitch Spolan, executive
vice president of marketing services, Chegg Inc. "We are delighted with
the success of our program last year, and that Sallie Mae has now
engaged in a multi-year partnership to benefit students across America."

In addition to Study Starter, these Sallie Mae private student loans
offer competitive fixed and variable interest rates with no origination
fees or prepayment penalties. Customers can reduce their interest rate
when they enroll in the automatic
debit option
and get free access to their FICO®
Credit Score

"Sallie Mae is committed to helping students get to and through school,
responsibly and successfully," said Kelly Christiano, senior vice
president, Sallie Mae. "The Study Starter service embedded in our
private student loans is a real benefit that has been used for free by
thousands of students, contributing to their success in college."

For more information, visit

About Sallie Mae

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, free scholarship
search tools, free college financial planning tools, and online retail
banking. Learn more at Commonly known as Sallie Mae, SLM
Corporation and its subsidiaries are not sponsored by or agencies of the
United States of America.

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