Sallie Mae’s Latest Corporate Social Responsibility Report Highlights Commitment to Customers, Communities, Employees, and the Environment
May 20 2022 - 9:00AM
Business Wire
Company Awarded Nearly $2 Million in
Scholarships and Grants to Students, Social Justice Focused
Non-Profits, and Community Partners; Increased Volunteerism by
31%
Sallie Mae® (Nasdaq: SLM) today released its annual Corporate
Social Responsibility Report, “Powering Confidence: Increasing
Access and Opportunity Through Higher Education.” The report
highlights the company’s continued commitment to environmental,
social, and governance best practices through consistent focus on
its customers, team members, and communities.
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Snapshot of Sallie Mae’s 2021 Corporate
Social Responsibility Report highlighting commitment to customers,
employees, and communities. (Graphic: Business Wire)
Sallie Mae supports access and completion of higher education
through its charitable arm, The Sallie Mae Fund. Specifically, the
company awarded nearly $1 million in scholarships to minority
students and those from underserved communities as part of its
ongoing partnership with Thurgood Marshall College Fund. Over the
course of three years (2021-2023), $3 million in scholarships will
be awarded to students through The Sallie Mae Fund’s Bridging the
Dream Scholarship Program. Additionally, the company provided
$250,000 to support nonprofits focused on eliminating barriers for
Hispanic and LGBTQ+ students, part of the company’s broader $1.5
million commitment to advance social justice in higher
education.
The company is also dedicated to filling confidence gaps, and
helping students and families make informed decisions about college
and their future. Sallie Mae offers any and all students and
families free and accessible tools and resources, including
scholarship search tools, tutoring support, money management, and
budgeting tools, and internship and career guidance after college.
In fact, more than 24,000 students earned a scholarship through the
company’s free scholarship search tool, collectively covering $67
million in college costs.
“While our primary business is to offer private student loans to
finance any gaps after scholarships, grants, and federal financial
aid, our mission is much broader: we are powering confidence as
students begin their unique journey in higher education,” said Jon
Witter, CEO, Sallie Mae. “We know higher education is a great
equalizer and a proven pathway to economic mobility and those doors
should be open to all students. We’re focused on doing just that by
providing free tools, resources, and scholarships to help students
— particularly those from underserved communities — access and
complete college. Our commitment also extends to the communities
where our diverse team members live, work, and serve. These efforts
are foundational to being a good corporate citizen and a great
place to work.”
Sallie Mae supports its more than 1,400 team members through
ongoing professional development and empowers them to bring their
full selves to work each day. More than 100 team members took
advantage of the company’s generous tuition reimbursement program
last year, and the company also paid nearly $350,000 to fully
vaccinated team members as part of its COVID-19 vaccination
incentive program. Additionally, the company welcomed Chief
Diversity Officer Lori Aiken and formed a Diversity Council.
Learn more and access Sallie Mae’s Corporate Social
Responsibility Report at www.salliemae.com.
Sallie Mae (Nasdaq: SLM) believes education and life-long
learning, in all forms, help people achieve great things. As the
leader in private student lending, we provide financing and
know-how to support access to college and offer products and
resources to help customers make new goals and experiences, beyond
college, happen. Learn more at SallieMae.com. Commonly known as
Sallie Mae, SLM Corporation and its subsidiaries are not sponsored
by or agencies of the United States of America.
Category: Community and Philanthropy
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version on businesswire.com: https://www.businesswire.com/news/home/20220519005982/en/
Rick Castellano 302.451.0251 Rick.Castellano@SallieMae.com
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