secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2026-03-11T23:59:59+00:00
Accession:  0001032033-26-000018
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000018/0001032033-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000018/slm-20260311.htm
  HTML page:      https://secwatch.observer/filing/0001032033-26-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer