SLM CORP
			Symbol			SLM

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Sallie Mae Assists Students with Loan Repayment

2009-11-02 14:21 ET - News Release

Customers May Change Plans Any Time, Prepay Without Penalty

New Federal Payment Plan Limits Monthly Bill to 15 Percent of Discretionary Income

Company Website: http://www.SallieMae.com
RESTON, Va. -- (Business Wire)

As the date approaches for thousands of new college graduates to begin repaying their student loans, Sallie Mae offers a full range of repayment plans to help customers manage their higher education bill.

New for this year is income-based repayment (IBR) which enables federal student loan customers experiencing financial challenges to cap their monthly student loan payment at 15 percent of their discretionary income. IBR may be particularly helpful to new college graduates unable to find employment at a level they expected or for those who have accumulated higher-than-average federal loan balances through their undergraduate and graduate programs.

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