Sallie Mae Offers Funds, Supplies and Customer Assistance
NEWARK, Del., Nov. 6, 2012 - TheSallie Mae Fund, a
charitable organization sponsored by Sallie Mae, and Sallie
Mae, the nation's No. 1 financial services company
specializing in education, today announced a $250,000
contribution to the American Red Cross Disaster Relief Fund
to assist families and communities affected by Hurricane
Sandy. The funds will be directed toward relief and
rebuilding efforts to help hurricane victims return to
their daily lives.
"The stories of devastation and despair move us deeply, so
do the many stories of American heroism, community and
resilience," said Albert L. Lord, vice chairman & CEO,
Sallie Mae. "Our thoughts and prayers are with those now
focused on repairing, rebuilding and moving forward."
In addition, employees from Sallie Mae's servicing centers
in Newark, Del.; Lake City, Fla.; Fishers and Muncie, Ind.;
Newton, Mass.; Kansas City, Mo.; Moorestown, N.J.; Arcade,
Horseheads and Perry, N.Y.; Cincinnati, Ohio; Wilkes-Barre,
Pa.; Murray, Utah; and Reston, Va.; are contributing
personal donations, which will also be forwarded to the
American Red Cross.
Sallie Mae is also working with its student loan and
banking customers impacted by the storm. As a matter of
practice, Sallie Mae offers a 15-day payment grace period.
Recognizing that still may not be enough to assist some
customers affected by this natural catastrophe, the company
will waive certain payment fees and delay payment due
dates. Customers experiencing difficulty are encouraged to
reach out when they are able so that customer care
representatives may assist them.
In addition, Sallie Mae Bank is waiving early withdrawal
fees on CDs, wire transfer fees, and other transaction fees
for retail banking customers in affected areas.
Sallie Mae (NASDAQ: SLM) is the nation's No. 1 financial
services company specializing in education. Whether college
is a long way off or just around the corner, Sallie Mae
turns education dreams into reality for its 25 million
customers. With products and services that include 529
college savings plans, Upromise rewards, scholarship search
tools, education loans, insurance, and online banking,
Sallie Mae offers solutions that help families save, plan,
and pay for college. Sallie Mae also provides financial
services to hundreds of college campuses as well as to
federal and state governments. 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.
The Sallie Mae Fund, a charitable organization sponsored by
Sallie Mae, achieves its mission - to increase college
access for America's students - by supporting programs
and initiatives that help open doors to higher education.
The Fund also supports employee volunteerism and community
service in the communities where Sallie Mae employees live
and work. For more information, visit SallieMaeFund.org.