SLM Corp — Director's Dealing 2011

May 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2011-05-23

Reporting Person: SCHOELLKOPF WOLFGANG (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-23	Common Stock	S	40000	$16.1055	Disposed	40650	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Indirect

Footnotes

F1: Represents the weighted average price per share of stock sold by Mr. Schoellkopf between $16.0807 and $16.12. Upon request by the Commission staff or a security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.