NEWARK, Del.--(BUSINESS WIRE)--Aug 21, 2018--Sallie Mae, the nation’s saving, planning, and paying for college company, today announced it has awarded more than $180,000 in scholarships to 37 children of employees as part of the company’s Family Scholarship Program. Approximately 300 children of Sallie Mae employees have benefited from the program, which has distributed nearly $2 million in scholarships to date.

The Sallie Mae Family Scholarship Program awards $5,000 scholarships, renewable for up to three years — or up to $20,000 per student — until the student earns a bachelor’s degree or certificate. For academic year 2018-19, the company provided 10 scholarships to new recipients and extended 27 scholarship renewals for students who entered the program in prior years.

“We’re impassioned, inspired, and humbled by the aspirations of our Sallie Mae family members,” said Bonnie Rumbold, chief human resources officer, Sallie Mae. “Honoring the hard work of our employees’ children with scholarships is reflective of our mission to help students achieve higher education, and we look forward to watching the journeys of this year’s exceptional recipients unfold.”

This year’s Sallie Mae Family Scholarship recipients include:

Abigail Briskin of Newtown, Pennsylvania, who is studying at Drexel University. Mary Beatrice Fries of Cincinnati, Ohio, who will pursue a business degree at Miami University. Nicholas Gugerty of Newark, Delaware, who is studying foreign languages at the University of Delaware. Amanda Hennen of Clayton, Delaware, who is studying occupational therapy at Shenandoah University. Chloe Kennedy of Carmel, Indiana, who plans to study landscape architecture at Purdue University. Rachel Marcus of Orange, Connecticut, who is studying psychology at Brandeis University. Erin Montgomery of Bear, Delaware, who will study chemical engineering at the University of Delaware. Ryan Plummer of Noblesville, Indiana, who will begin his health sciences studies at Purdue University. Kelsey Thomas of Terre Haute, Indiana, who is pursuing a degree in pharmacy at Butler University. Shane Van Neerden of Wilmington, Delaware, who is studying piano performance at the Conservatorium van Amsterdam.

The Sallie Mae Family Scholarship Program is open to dependent children of full- or part-time Sallie Mae employees with at least one year of service. Awards are merit-based; academic record, community involvement, honors, work experience, and other factors are considered. Applicants must be high school seniors or graduates who will attend an accredited two- or four-year college, university, or vocational-technical school full-time in the upcoming academic year.

In addition to the Family Scholarship Program, Sallie Mae offers a robust employee benefits program that features 12 weeks of paid parental leave; medical, dental, and vision care; a company-matched 401(k) plan; an employee stock purchase plan; and tuition reimbursement.

For more information about opportunities to join the Sallie Mae family of employees, visit SallieMae.com/about/careers.

Sallie Mae (Nasdaq: SLM) is the nation’s saving, planning, and paying for college company. Whether college is a long way off or just around the corner, Sallie Mae offers products that promote responsible personal finance, including private education loans, free scholarship search tools, free college financial planning tools, and online retail banking. 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.

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CONTACT: Sallie Mae

Ashley Boucher, 302-451-0452

Ashley.Boucher@salliemae.com

KEYWORD: UNITED STATES NORTH AMERICA DELAWARE

INDUSTRY KEYWORD: WOMEN EDUCATION UNIVERSITY PHILANTHROPY PROFESSIONAL SERVICES BANKING PARENTING TEENS OTHER PHILANTHROPY CONSUMER FAMILY MEN

SOURCE: Sallie Mae

Copyright Business Wire 2018.

PUB: 08/21/2018 01:32 PM/DISC: 08/21/2018 01:32 PM

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