Sallie Mae Hovers Near $22 Ahead of Major Loan Test
SLM Corp. traded near $22.05 in premarket action Wednesday, steady ahead of a June 4 dividend record date. Sallie Mae Fund expanded its graduate scholarships to 20 awards of $10,000 and 50 new awards up to $2,500, with applications open until July 17. Private Education Loan originations rose to $2.91 billion in Q1, with graduate loans at $217.7 million.