Interesting times

[**Sallie Mae to acquire Upromise**](

Nation’s leading paying-for-college company combines with leading saving-for-college company

_RESTON, Va. and NEEDHAM, Mass., June 1, 2006—_SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, announced today that it has signed a purchase agreement to acquire Upromise, Inc. pending regulatory approvals. When completed, the transaction will unite the nation’s leading paying-for-college company with the nation’s leading saving-for-college company.