RESTON, Va., Sep 04, 2008 (BUSINESS WIRE) -- Sallie Mae (NYSE:SLM), the nation's leading
saving- and paying-for-college company, today announced the appointment
of Kenneth Fischbach as senior vice president, corporate finance.

In this role, Fischbach will oversee the company's
debt investor relations. Previously, he served as managing director at
Residential Capital LLC, one of the largest mortgage originators and
servicers in the country, where he managed investor relations strategy.
Prior to that, Fischbach served for 11 years at MBNA in a variety of
finance and treasury management roles, including senior vice president
for fixed income investor relations. Fischbach received a Bachelor of
Science degree in finance and marketing from the University of Baltimore
and a Master of Science degree in finance from Johns Hopkins University.

SLM Corporation (NYSE:SLM),commonly
known as Sallie Mae, is the nation's leading
provider of saving- and paying-for-college programs. The company manages
nearly $172 billion in education loans and serves 10 million student and
parent customers. Through its Upromise affiliates, the company also
manages more than $19 billion in 529 college-savings plans, and is a
major, private source of college funding contributions in America with 9
million members and $450 million in member rewards. Sallie Mae and its
subsidiaries offer debt management services as well as business and
technical products to a range of business clients, including higher
education institutions, student loan guarantors and state and federal
agencies. More information is available at www.salliemae.com.
SLM Corporation and its subsidiaries are not sponsored by or agencies of
the United States of America.

SOURCE: Sallie Mae

Sallie Mae 
Tom Joyce (Media) 
703-984-5610 
or 
Steve McGarry (Investors) 
703-984-6746

Copyright Business Wire 2008