Sallie Mae Bank reaches indicative terms for potential $2B loan portfolio sale

SLM Corp

CEO Jon Witter announces potential sale of ~$2B private education loan portfolio at RBC conference.
Expected close in Q1 2026, subject to definitive documentation, conditions, and approvals.
Portfolio size approximately $2 billion; sale by wholly owned subsidiary Sallie Mae Bank.
No assurance transaction will be consummated on current terms or at all.

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