SLM Corp — Director's Dealing 2010

Feb 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2010-01-28

Reporting Person: REMONDI JOHN F (Vice Chairman and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-28	Common Stock	A	75000	—	Acquired	420029.0000	Direct
2010-01-28	Common Stock	A	19641	—	Acquired	439670.0000	Direct

Footnotes

F1: One-third of these shares vest on the first, second and third anniversay of the grant date.

F2: These shares represent a portion of the bonus amount for 2009 and must be held until the first anniversary of the grant date (January 28, 2011).