Full-Time
Updated on 8/18/2026
Private student lending for college access
No salary listed
Newark, DE, USA
Hybrid
Flexible hybrid working arrangements are offered.
Bachelor's
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Sallie Mae provides private student loans and related guidance to help students and families plan for college. It finances and supports college access and completion, offering loan products and planning resources to start smart in higher education. The loan products help cover costs like tuition, fees, and living expenses, with repayment and repayment options tailored to borrowers. What sets Sallie Mae apart is its leadership position in private student lending, paired with historical expertise and resources aimed at making college more affordable, accessible, and equitable. The company’s goal is to empower students to begin their unique journeys with confidence by enabling affordable financing, clear planning, and opportunities to pursue higher education and dream big.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Newark, New Jersey
Founded
1972
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401(k) Retirement Plan
401(k) Company Match
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Pet Insurance
Unlimited Paid Time Off
Paid Holidays
Flexible Work Hours
Hybrid Work Options
Parental Leave
Adoption Assistance
Tuition Reimbursement
Family Scholarship Programs
Career Development Budget
Training Programs
Wellness Program
Gym Membership
AACOM expands financial resources for osteopathic medical students through new collaboration with Sallie Mae. Published August 13, 2026 Strategic collaboration provides eligible students with responsible financing options as federal student loan programs evolve IMMEDIATE RELEASE (Bethesda, MD) - The American Association of Colleges of Osteopathic Medicine (AACOM) today announced a strategic collaboration with Sallie Mae to broaden the financial resources available to current and future osteopathic medical students as changes to federal student loan programs reshape how students finance their medical education. Designed to expand student choice, the collaboration provides eligible borrowers with access to exclusive benefits while encouraging informed financial decision-making. AACOM evaluated a range of potential approaches before selecting Sallie Mae to help support current and future osteopathic medical students and colleges of osteopathic medicine. The collaboration reflects AACOM's commitment to identifying solutions that expand access to medical education while providing students with trusted financial resources and support throughout medical school and into residency. Osteopathic medical students now represent nearly 30 percent of all U.S. medical students, and colleges of osteopathic medicine play a critical role in preparing physicians who practice in primary care and rural and underserved communities. As the nation faces an expected shortage of more than 187,000 physicians by 2037, ensuring students have access to the resources they need to complete their medical education is an important part of strengthening the future physician workforce. "Recent changes to federal student loan programs have created new uncertainty for many students pursuing a career in medicine," said Robert A. Cain, DO, president and CEO of AACOM. "AACOM's responsibility is to help future osteopathic physicians navigate those changes with trusted information, quality resources and financing options that support informed decision-making. We took a deliberate, student-centered approach to evaluating potential pathways and providers before selecting Sallie Mae because we believe they are well positioned to support our students and colleges of osteopathic medicine during this period of transition. Partnering with Sallie Mae reflects our commitment to keeping medical education accessible for the students who will become tomorrow's physician workforce." Through the collaboration, eligible AACOM-referred students will have access to Sallie Mae's medical school loans, which offer competitive interest rates, no origination fees, financing for up to 100 percent of the school-certified cost of attendance, multiple repayment options and an extended grace period. The collaboration also includes dedicated student and school support, financial wellness resources and U.S.-based loan servicing. The available financing options also extends to Sallie Mae's Residency and Relocation Loan, which may be used for eligible expenses associated with the transition to residency, including travel, moving costs, board examinations and other residency-related needs. In addition, eligible AACOM-referred borrowers may receive a 0.50 percentage-point interest rate reduction for the life of the loan after making 12 consecutive on-time payments of the billed principal and interest amount. Combined with Sallie Mae's 0.25 percentage-point auto-debit interest rate reduction, eligible borrowers may qualify for a total rate reduction of up to 0.75 percentage points. The AACOM on-time payment benefit is available on both the Medical School Loan and the Medical Residency and Relocation Loan for students who apply through AACOM's designated application link. "Students, schools, and associations like AACOM are looking for trusted, reliable providers who understand their unique needs and can provide responsible options that support higher education access and completion," said Patrick Freeman, senior vice president, Sallie Mae. "We're proud to collaborate with AACOM to create innovative and scalable solutions that meet the evolving needs of their members, address workforce needs, and support student success." About AACOM: Founded in 1898, the American Association of Colleges of Osteopathic Medicine (AACOM) is the leading voice for the education and training of physicians who practice osteopathic medicine in settings across the medical spectrum - from primary care to the full range of medical specialties. We support our member colleges of osteopathic medicine in their efforts to attract and train individuals who are fueled by a desire to make a difference in our healthcare system by treating the whole person and building a future emphasizing health and wellness for all people. Today, more than 38,000 future physicians - close to 30 percent of all U.S. medical students - are being educated at one of our 48 accredited colleges of osteopathic medicine, encompassing 75 teaching locations in 36 states. To learn more about AACOM, please visit our website. Joseph Shapiro Director of Media Relations (240) 938-0746 [email protected] Christine DeCarlo Senior Manager of Media and Public Affairs (202) 603-1026 [email protected]
Sallie Mae reported disappointing second-quarter results, missing Wall Street's revenue expectations with sales flat year-on-year at $401.1 million. The student loan provider's earnings per share of $0.29 fell 34.2% below analyst estimates. Management attributed the underperformance to increased expenses from technology investments and lower net interest margins due to elevated liquidity ahead of peak loan origination season. However, CEO Jonathan Witter emphasised stable credit trends and manageable loss pressure. Looking ahead, the company expects margin expansion and origination growth driven by recent federal PLUS loan reforms, which management believes could unlock billions in new lending opportunities. A strategic partnership with KKR performed as expected, with a second partnership in late-stage negotiations. Full-year earnings guidance of $3.15 per share remained roughly in line with analyst expectations.
Sallie Mae's second-quarter results missed Wall Street expectations, with revenue of $401.1 million falling 1.8% short of forecasts and GAAP earnings per share of $0.29 missing by 34.2%. Management attributed the flat revenue and lower profits to increased noninterest expenses from investments in new products and technology, plus a temporary dip in net interest margin due to elevated liquidity ahead of peak loan origination season. CEO Jonathan Witter said credit quality remains strong and loss pressure is "concentrated, understood and manageable". The operating margin declined to 20.1% from 21.7% year-on-year. During the earnings call, analysts questioned net interest margin recovery trajectory, credit performance impacts, loan yield patterns, and the company's decision to halt debt sales temporarily.
SLM Corp reported Q2 2026 earnings with a GAAP diluted EPS of $0.29 per share. Loan originations rose 4.5% year-over-year to $716 million, whilst net interest income decreased $44 million to $333 million. The company launched new products, including enhanced medical, dental, law, and MBA loans, plus a new parent loan. Credit quality improved slightly, with average FICO scores rising from 754 to 755. Net charge-offs increased to $113 million from $94 million, partly due to misaligned third-party debt resolution practices. SLM paused all recovery sales as a result. Noninterest expenses rose $28 million to $195 million. The company repurchased 9.3 million shares during the quarter, totalling 13 million year-to-date. Total risk-based capital stood at 13.1%, whilst common equity Tier 1 capital was 11.8%.
Sallie Mae reported disappointing second-quarter results for 2026, missing Wall Street's revenue expectations with flat sales of $401.1 million. The student loan provider's GAAP earnings of $0.29 per share fell 34.2% short of analyst estimates. Net interest income came in at $332.8 million, below the expected $345.8 million. Revenue missed forecasts by 1.8%, showing a 0.6% year-on-year decline. The company's full-year EPS guidance of $3.15 at the midpoint roughly aligns with analyst expectations. However, Sallie Mae has struggled with sustained growth, with trailing 12-month revenue of $1.96 billion remaining close to levels from five years ago. Following the announcement, Sallie Mae's stock dropped 3.5% to $23.34. The company maintains a market capitalisation of $4.76 billion.