SLM Q108EarningsPresentation

This document summarizes SLM Corporation's financial results for the first quarter of 2008. Some key highlights include: - Core earnings per share were $0.34 compared to a loss of $0.36 in the previous quarter and earnings of $0.57 in the first quarter of 2007. - Net income on a core earnings basis was $188 million compared to a loss of $139 million last quarter and income of $251 million in the year-ago period. - Stafford and PLUS loan originations increased significantly to $6.3 billion from $3.3 billion last quarter. - The provision for private education loan losses was $160 million, down from $667 million last quarter.