S

Sallie Mae

Private student lending for college access

Data Science and Engineering Intern

Summer 2027Updated
No salary listed
Internship
Newark, DE, USA+1 moreMore locations: Arlington County, Arlington, VA, USA
HybridHybrid: three days per week in-office; work from Newark, Delaware, or Arlington, Virginia.
Data & AnalyticsData Science, Data Engineering

About the job

Requirements
  • Currently enrolled in an accredited university pursuing a degree in Data Science, Computer Science, Statistics, Business Analytics, Mathematics, Data Engineering, Artificial Intelligence, or a related technical field.
  • Experience using SQL to query, join, filter, and aggregate data.
  • Experience using Python for data analysis, machine learning, or artificial intelligence.
  • Working knowledge of digital marketing measurement, including funnel metrics such as click-through rates, UTM tracking, campaign attribution, and traffic sources.
  • Ability to explain analytical findings and technology solutions to a nontechnical audience.
  • Strong attention to detail, communication skills, and willingness to learn.
Responsibilities
  • Use SQL and Python to prepare, transform, and analyze data from multiple sources.
  • Work with team members to understand business requirements and translate them into technical solutions.
  • Support the development of data pipelines, analytical solutions, and reporting tools.
  • Contribute to predictive models, time series forecasts, and AI enablement.
  • Investigate data quality issues and validate the logic and results of analyses and data products.
  • Document technical methods and findings and communicate results to nontechnical partners.
  • Use AI-assisted development tools while generating code and validate their outputs.
Desired Qualifications
  • Experience with a cloud data platform such as Snowflake, Databricks, or AWS.
  • Experience with version control systems such as GitHub.
  • Experience analyzing website, paid media, or CRM data from platforms such as Meta, HubSpot, or Salesforce.

About the company

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

Salt Lake City, Utah

Founded

1972

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Simplify's Take

What believers are saying

  • AACOM's 48 schools expand Sallie Mae's reach into a durable physician pipeline.
  • Nova Credit income verification on July 2026 improves approvals while tightening affordability screening.
  • Management expects 2026 originations growth of 12% to 14% and margin recovery later in 2026.

What critics are saying

  • July 2026 Q2 revenue missed estimates, while net charge-offs rose to $113 million.
  • February 2026 securities class action and April 2026 Scholly lawsuit attack management credibility.
  • Federal PLUS reform and expanded government lending can shrink private-loan demand by 2027.

What makes Sallie Mae unique

  • Sallie Mae leads U.S. private student lending, with U.S.-based servicing and underwriting.
  • March 17, 2026 product expansion targets medical, dental, law, MBA, and parent borrowers.
  • August 13, 2026 AACOM deal embeds Sallie Mae inside osteopathic medical-school financing.

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Benefits

  • 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

Company News

PR Newswire
Oct 26th, 2026
SLM investigated over $32.3M quarterly loss and $0.19 per share miss

SLM Corporation reported a third-quarter adjusted loss of $0.19 per share on October 22, 2026, against Wall Street expectations of a $0.17 profit. The stock fell. The student lender posted a quarterly loss of about $32.3 million. Revenue missed estimates and declined year over year. Gains on loan sales dropped to $3.7 million from $136.0 million. SLM also said it would keep an approximately $1 billion loan portfolio it had planned to sell. Law firm Levi & Korsinsky is investigating whether SLM made materially false or misleading statements about its 2026 financial outlook. The company also sharply cut its annual guidance on the same day.

EducationInvestor
Oct 23rd, 2026
US: School paediatric healthcare company raised $7.7m.

US: School paediatric healthcare company raised $7.7m. * 23 October 2026 * Ed Tech and Educational Services You are unauthorized to view this page. * 24/10/2026 Kindred Education has acquired Little Pumpkins Nurseries, a portfolio of three children's day nursery settings across South London. * 23/10/2026 Childcare group Nido Education is buying nine childcare centres from Edge Early Learning. * 23/10/2026 Sallie Mae, has announced a third-quarter 2026 net loss of $32 million, compared to net income of $136 million reported...

The Motley Fool
Oct 23rd, 2026
SLM: 3 key takeaways for long-term investors.

SLM: 3 key takeaways for long-term investors. Higher charge-offs and lower earnings guidance offset the strategic wins from new funding partnerships and loan retention. Key points. * Sixth Street committed to buy $1.5 billion in student loans annually. * SLM lowered 2026 earnings guidance to $1.95 to $2.05 per share. * Management raised 2026 net charge-off guidance to $400 million to $420 million. * Motley Fool Issues Rare "Total Conviction" Buy Alert" On its third quarter of 2026 earnings call, held on Oct. 22, 2026, SLM (SLM -10.78%) announced a new strategic partnership and lowered its full-year earnings guidance after pulling back on planned whole-loan sales. Long-term investors get clarity from this shift, as management prioritized multiyear loan yields over quick transaction premiums. Building alternative funding channels protects the business against volatile interest rate cycles. Three key takeaways from the call explain how these strategic decisions shape the company's trajectory. 1. Sixth Street partnership expands funding beyond traditional bank deposits. SLM completed a three-year strategic agreement with Sixth Street to sell off newly originated private education loans, securing recurring program management fees and servicing revenue. This second partnership diversifies funding options alongside traditional bank deposits and loan sales. Sixth Street has committed to purchase a minimum of $1.5 billion in newly originated private education loans annually with the first year inclusive of an initial seed portfolio of $600 million in seasoned loans. - Jonathan W. Witter, Chief Executive Officer 2. Balance sheet retention replaces Q4 loan sales and lowers EPS guidance. Management chose not to execute a planned whole loan sale because choppy capital markets pushed indicated prices below its minimum threshold. Retaining these assets lets the bank capture a 5% net interest margin (the difference between interest earned on loans and interest paid on deposits), even though it reduces 2026 earnings per share (a company's net income divided by its outstanding stock) guidance to $1.95 to $2.05. In this instance, The Motley Fool, LLC determined that The Motley Fool, LLC could create more shareholder value by retaining the loans on its balance sheet and earning at roughly 5% NIM over time rather than selling at the current indicated premium levels. - Jonathan W. Witter, Chief Executive Officer 3. Misaligned debt resolution practices drive up full-year charge-off expectations. Third-party debt resolution practices disrupted late-stage delinquent borrowers, forcing SLM to pause certain recovery efforts. Executive leadership raised full-year net charge-off guidance (the value of loans written off as uncollectible) to $400 million to $420 million to absorb these pressures. As such, The Motley Fool, LLC is increasing its full year net charge off guidance to $400 million to $420 million with a midpoint $45 million higher than that of its original range. - Jonathan W. Witter, Chief Executive Officer Looking ahead. Demand across graduate student lending is expanding rapidly following federal program reforms, and management is positioning product lines to capture that market share. Executives are watching loss mitigation performance and pricing discipline while expanding loan flow capabilities. In Q3, graduate originations were up 119% year over year, with an average FICO score 9 points higher than the overall average of new origination in the portfolio. - Jonathan W. Witter, Chief Executive Officer Retaining low-cost deposit funding and building recurring fee streams provides structural flexibility through fluctuating rate cycles. The broader capital allocation strategy balances balance sheet retention with disciplined share repurchases. Where to invest $1,000 right now. When its analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 910% - a market-crushing outperformance compared to 211% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now... *Stock Advisor returns as of October 19, 2026 The Motley Fool, LLC is grateful for the strategic flexibility and the competitive advantage of having a well capitalized deposit funded bank now complemented through its emerging strategic partnerships business. - Jonathan W. Witter, Chief Executive Officer Is SLM a smart long-term play? Before you buy stock in SLM, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and SLM wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of its recommendation, you'd have $361,596!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of its recommendation, you'd have $1,303,935!* Now, it's worth noting Stock Advisor's total average return is 910% - a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. *Stock Advisor returns as of October 24, 2026.

Yahoo Finance
Oct 22nd, 2026
Sallie Mae Q3 revenue falls 31.2% to $375.5M, missing estimates; shares drop 4.8%

Sallie Mae missed Wall Street expectations in the third quarter of 2026. Revenue fell 31.2% year on year to $375.5 million, against analyst estimates of $457.8 million. The student loan provider reported a GAAP loss of $0.19 per share, while analysts had expected earnings of $0.20. Net interest income fell 9% to $339.3 million, short of the $358.4 million forecast. Pre-tax loss was $58.91 million. Full-year GAAP earnings guidance of $2 per share at the midpoint missed analyst estimates by 35.9%. The stock fell 4.8% to $20.71 after the report. Sallie Mae has a market capitalisation of $4.29 billion.

Mercom Federal Credit Union
Aug 19th, 2026
Get the money you need for school.

Get the money you need for school. Make higher education more affordable with college and graduate loans available to Mercer County Community FCU members in partnership with Sallie Mae. Its loans can help you cover costs that scholarships and savings may not cover, such as tuition, books, housing, meal plans, and more. Whether you're starting your first degree or a few years into your education, these flexible loans are designed to meet your needs. * Competitive variable and fixed interest rates * Multiple repayment options * No origination fee and no prepayment penalty Planning for college is a big step. Mercer County Community is here to help connect its members with financing options to make that step more manageable.