Student Loan Marketing Association Announces Second-Quarter Dividend

Apr 20, 2001, 01:00 ET from Sallie Mae

    RESTON, Va., April 20 /PRNewswire Interactive News Release/ -- The Student
 Loan Marketing Association, a wholly owned subsidiary of USA Education, Inc.
 (NYSE:   SLM), today announced a 2001 second-quarter dividend of $0.625 per
 share on its Adjustable Rate Cumulative Preferred Stock, Series A.  That
 dividend yield rate is tied to yields on certain U.S. treasury obligations,
 but is never less than 5.00 percent nor more than 14.00 percent per annum.
 The dividend on the Preferred Stock is payable on June 29, 2001 to
 shareholders of record at the close of business June 15, 2001.
     On March 31, 2000, the Student Loan Marketing Association had 4.3 million
 shares of Preferred Stock, Series A outstanding.  The stock trades on the
 NYSE.
 
     Sallie Mae, founded 28 years ago, provides funds for educational loans,
 primarily federally guaranteed student loans originated under the Federal
 Family Education Loan Program (FFELP).  The company currently owns or manages
 in excess of $67 billion in student loans and provides parents, students and
 educators with comprehensive information on the financial aid process. Through
 its specialized subsidiaries and divisions, Sallie Mae also provides an array
 of consumer credit loans, including those for lifelong learning and K-12
 education and business and technical outsourcing services for colleges and
 universities. More information is available at http://www.salliemae.com .  USA
 Education, Inc. and its subsidiaries, other than the Student Loan Marketing
 Association, are not sponsored by or agencies of the United States.
 
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SOURCE Sallie Mae
    RESTON, Va., April 20 /PRNewswire Interactive News Release/ -- The Student
 Loan Marketing Association, a wholly owned subsidiary of USA Education, Inc.
 (NYSE:   SLM), today announced a 2001 second-quarter dividend of $0.625 per
 share on its Adjustable Rate Cumulative Preferred Stock, Series A.  That
 dividend yield rate is tied to yields on certain U.S. treasury obligations,
 but is never less than 5.00 percent nor more than 14.00 percent per annum.
 The dividend on the Preferred Stock is payable on June 29, 2001 to
 shareholders of record at the close of business June 15, 2001.
     On March 31, 2000, the Student Loan Marketing Association had 4.3 million
 shares of Preferred Stock, Series A outstanding.  The stock trades on the
 NYSE.
 
     Sallie Mae, founded 28 years ago, provides funds for educational loans,
 primarily federally guaranteed student loans originated under the Federal
 Family Education Loan Program (FFELP).  The company currently owns or manages
 in excess of $67 billion in student loans and provides parents, students and
 educators with comprehensive information on the financial aid process. Through
 its specialized subsidiaries and divisions, Sallie Mae also provides an array
 of consumer credit loans, including those for lifelong learning and K-12
 education and business and technical outsourcing services for colleges and
 universities. More information is available at http://www.salliemae.com .  USA
 Education, Inc. and its subsidiaries, other than the Student Loan Marketing
 Association, are not sponsored by or agencies of the United States.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X58588318
 
 SOURCE  Sallie Mae