SLM traded at $23.24 this Tuesday June 23rd, increasing $0.40 or 1.75 percent since the previous trading session. Looking back, over the last four weeks, SLM gained 5.25 percent. Over the last 12 months, its price fell by 27.65 percent. Looking ahead, we forecast SLM to be priced at 22.56 by the end of this quarter and at 21.19 in one year, according to Trading Economics global macro models projections and analysts expectations.
SLM Corporation is a holding company. The Company offers college planning process by providing tools, resources, and information to help students and families make informed decisions and to improve access and support college completion through its scholarship programs and financing options. Its primary business is to originate and service private education loans. It provides private education loans to bridge the gap between the cost of higher education and the amount funded through financial aid, federal loans, and student and family's resources. It offers a range of deposit products insured by the Federal Deposit Insurance Corporation (the FDIC). It also offers six loan products for specific graduate programs of study, which includes the Sallie Mae Law School Loan, the Sallie Mae MBA Loan, the Sallie Mae Health Professions Graduate Loan, the Sallie Mae Medical School Loan, the Sallie Mae Dental School Loan, and the Sallie Mae Graduate School Loan.