Market Overview

Sallie Mae Helps Make College Happen for Employees' Families with $180,000 in Scholarships


Nearly $2 Million Awarded Through Sallie Mae Family Scholarship

Sallie Mae, the nation's saving, planning, and paying for college
company, today announced it has awarded more than $180,000 in
scholarships to 37 children of employees as part of the company's Family
Scholarship Program. Approximately 300 children of Sallie Mae employees
have benefited from the program, which has distributed nearly $2 million
in scholarships to date.

The Sallie Mae Family Scholarship Program awards $5,000 scholarships,
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
2018-19, the company provided 10 scholarships to new recipients and
extended 27 scholarship renewals for students who entered the program in
prior years.

"We're impassioned, inspired, and humbled by the aspirations of our
Sallie Mae family members," said Bonnie Rumbold, chief human resources
officer, Sallie Mae. "Honoring the hard work of our employees' children
with scholarships is reflective of our mission to help students achieve
higher education, and we look forward to watching the journeys of this
year's exceptional recipients unfold."

This year's Sallie Mae Family Scholarship recipients include:

  • Abigail Briskin of Newtown, Pennsylvania, who is studying at Drexel
  • Mary Beatrice Fries of Cincinnati, Ohio, who will pursue a business
    degree at Miami University.
  • Nicholas Gugerty of Newark, Delaware, who is studying foreign
    languages at the University of Delaware.
  • Amanda Hennen of Clayton, Delaware, who is studying occupational
    therapy at Shenandoah University.
  • Chloe Kennedy of Carmel, Indiana, who plans to study landscape
    architecture at Purdue University.
  • Rachel Marcus of Orange, Connecticut, who is studying psychology at
    Brandeis University.
  • Erin Montgomery of Bear, Delaware, who will study chemical engineering
    at the University of Delaware.
  • Ryan Plummer of Noblesville, Indiana, who will begin his health
    sciences studies at Purdue University.
  • Kelsey Thomas of Terre Haute, Indiana, who is pursuing a degree in
    pharmacy at Butler University.
  • Shane Van Neerden of Wilmington, Delaware, who is studying piano
    performance at the Conservatorium van Amsterdam.

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.

In addition to the Family Scholarship Program, Sallie Mae offers a
robust employee benefits program that features 12
weeks of paid parental leave
; medical, dental, and vision care; a
company-matched 401(k) plan; an employee stock purchase plan; and
tuition reimbursement.

For more information about opportunities to join the Sallie Mae family
of employees, visit

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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