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Sallie Mae and The Sallie Mae Fund Partner With Folds of Honor to Provide Scholarships and Assistance for Veterans’ Families

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To commemorate Veteran’s Day, Sallie Mae, the nation’s saving, planning and paying for college company, and The Sallie Mae Fund-the charitable organization sponsored by Sallie Mae- today announced a partnership with Folds of Honor that will provide up to $50,000 in scholarships and assistance to dependents and spouses of military servicemen and women killed or disabled while serving our nation.

Throughout this week, Sallie Mae will donate $1 to Folds of Honor for every tweet using #SaluteOurVets, up to a total of $25,000. In addition, The Sallie Mae Fund will provide another $25,000 grant to Folds of Honor to support the non-profit’s scholarship program.

“It’s an honor to team with Sallie Mae this Veteran’s Day to raise funds for the families of our American heroes,” said Major Dan Rooney, Folds of Honor founder. “The Folds of Honor mission is to honor our nation’s service members by educating their legacy, and our partnership with Sallie Mae allows us to continue providing educational scholarships and assistance to those who most certainly deserve our support.”

“Veteran’s Day is an important reminder to reflect on and salute the courage and sacrifice of the men and women who selflessly serve and protect our country,” said Dan Kennedy, a former Army Officer and senior vice president at Sallie Mae. “It’s also a time to honor their families who make significant sacrifices, as well. Today, we honor those sacrifices by creating opportunities for veterans’ families. These scholarships will make college more accessible and affordable and help veterans’ families realize their education dreams.”

Established in 2007, Folds of Honor is an organization that seeks to provide educational scholarships and assistance to those families affected by deployments that have led to a service member’s death or disablement. The scholarships through Folds of Honor support tuition, tutoring and educational summer camps for children K-12, as well as higher education tuition assistance for spouses and children. The organization has awarded more than 7,500 scholarships since it was established seven years ago.

Sallie Mae has nearly 600 employees at its corporate headquarters in Newark, Del.- many of whom are veterans or have family who have served in the military-and has a 40-year history of helping families save, plan and pay responsibly for college. To learn more about Sallie Mae veteran employees, visit www.salliemae.com/military.

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 supports employee volunteerism and community service in the communities where Sallie Mae employees live and work. For more information, visit www.thesalliemaefund.org.

About Folds of Honor:

Folds of Honor was founded in May 2007 by Major Dan Rooney, a former F-16 Fighter Pilot in the Oklahoma Air National Guard, PGA Professional, and USGA member. Based in Owasso, Okla., Folds of Honor is a 501(c)(3) charitable organization with a mission to empower military families by providing educational scholarships and assistance for the children and spouses of military service men and women killed or disabled while serving our great nation. Since its inception, Folds of Honor has awarded more than 7,500 educational scholarships to military families. For more information or to make a donation, visit FoldsofHonor.org. Connect with Folds of Honor on Facebook (www.facebook.com/foldsofhonor) and Twitter (www.twitter.com/foldsofhonor).

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 Sallie Mae Fund also supports employee volunteerism and community service in the communities where Sallie Mae employees live and work. For more information, visit www.thesalliemaefund.org

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, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking. 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.

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