A securities class action has been filed in the USDC – N.J. against SLM Corporation (a/k/a Sallie Mae) (FLY) (“SLM” or the “Company”), on behalf of all persons and entities who invested in SLM between July 25, 2025, and August 14, 2025, both dates inclusive (the “Class Period”).
SLM, more commonly known as Sallie Mae, primarily originates and services private education loans (“PELs”) to students and their families. SLM prides itself on its purported “high-quality” PELs, as well as its loss mitigation and loan modification programs to improve the collectability of PELs.
The Complaint alleges that the Defendants made materially false and misleading statements regarding SLM’s business, operations, and prospects that artificially inflated the prices of SLM’s securities during the Class Period. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
(1) SLM was experiencing a significant increase in early stage delinquencies;
(2) accordingly, Defendants overstated the effectiveness of SLM’s loss mitigation and/or loan modification programs, as well as the overall stability of the Company’s PEL delinquency rates; and
(3) as a result, Defendants’ public statements made a materially false and misleading impression regarding SLM’s business, operations, and prospects at all relevant times, thereby harming investors.
SLM’s stock price fell $2.67 per share, or 8.09%, to close at $30.32 per share on August 15, 2025.
If you invested in SLM during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.