Lawsuit filed for Investors who lost money with shares of SLM Corporation (NASDAQ: SLM)

An investor, who purchased shares of SLM Corporation (NASDAQ: SLM), filed a lawsuit over alleged violations of Federal Securities Laws by SLM Corporation in connection with certain allegedly false and misleading statements.

Investors who purchased shares of SLM Corporation (NASDAQ: SLM) have certain options and for certain investors are short and strict deadlines running. Deadline: February 17, 2026. NASDAQ: SLM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Newark, DE based SLM Corporation, more commonly known as Sallie Mae, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. SLM Corporation primarily originates and services private education loans ("PELs") to students and their families. SLM prides itself on its purported "high-quality" PELs, as well as its loss mitigation and loan modification programs to improve the collectability of PELs.

SLM Corporation classifies its PELs as being in repayment when customers are making interest-only or fixed payments, or when they have entered full principal and interest repayment status after any applicable grace period. SLM Corporation charges off delinquent PELs at the end of the month in which they reach 120 days delinquent, or otherwise when they are classified as a loss by SLM Corporation or its regulator. SLM's cost to service a delinquent borrower is significantly higher than the cost to service a current or in-school borrower. Accordingly, delinquency rates on SLM's PELs are a critical metric that investors rely on in determining the health and profitability of SLM's PEL business.

SLM Corporation (NASDAQ: SLM) reported that its annual Total Revenue rose from over $1.8 billion in 2023 to over $1.84 billion in 2024, and that its annual Net Income rose from $581.39 million inn2023 to $608.35 million in 2024.

On July 24, 2025, during a conference call with investors and analysts, SLM Corporation's Executive Vice President, Chief Financial Officer, and Treasurer, Peter M. Graham, assured investors that "the trends that we're seeing in both delinquencies as well as sort of the Grace programs and the like, really are following the normal seasonal trends that we would expect in the business."

Then on August 14, 2025, investment bank TD Cowen issued a report addressing SLM Corporation , flagging that, "overall, July [2025] delinquencies were up 49 bp m/m, higher (worse)than the seasonal (+10 bps) performance for July, driven by a 45 bps increase in early stage delinquencies." Notably, TD Cowen's findings directly contradicted Defendant Graham's assurances-made late in the month of July 2025-that Defendants were observing delinquency rates that "really are following the normal seasonal trends we would expect in the business."

Shares of SLM Corporation (NASDAQ: SLM) declined from $33.49 per share on July 28, 2025, to $24.87 per share on December 09, 2025.

The plaintiff claims that between July 25, 2025 and August 14, 2025, the Defendants made false and/or misleading statements and/or failed to disclose that SLM Corporation was experiencing a significant increase in early stage delinquencies, that accordingly, Defendants overstated the effectiveness of SLM's loss mitigation and/or loan modification programs, as well as the overall stability of the Company's PEL delinquency rates, and that as a result, Defendants' public statements made a materially false and misleading impression regarding SLM's business, operations, and prospects at all relevant times.

Those who purchased shares of SLM Corporation (NASDAQ: SLM) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.