A class action lawsuit has been filed against SLM Corporation, also known as Sallie Mae, on behalf of investors who purchased the company's securities between July 25, 2025, and August 14, 2025. The lawsuit alleges that Sallie Mae misled investors about the state of its loan delinquencies, assuring them that rising delinquencies were in line with typical seasonal trends and highlighting the effectiveness of its loss mitigation efforts. However, a TD Cowen report released on August 14, 2025, revealed a significant 49-basis-point month-over-month increase in July delinquencies, surpassing seasonal expectations. Following this disclosure, Sallie Mae's stock fell by 8.09 percent. Investors who bought shares during the specified period have until February 17, 2026, to seek appointment as lead plaintiff in the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SLM Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 282232) on February 02, 2026, and is solely responsible for the information contained therein.