SLM Corporation

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. OFFICER APPOINTMENTS On April 22, 2026, the Board of Directors (the “Board”) of SLM Corporation (the “Company”) appointed Peter M. Graham, the Company’s current Executive Vice President and Chief Financial Officer, and Kerri A. Palmer, the Company’s current Executive Vice President and Chief Operational Officer, as Co-Presidents of the Company, effective immediately. In connection with such appointments, their Company titles will be as follows: • Peter M. Graham - Co-President and Chief Financial Officer • Kerri A. Palmer - Co-President and Head of Financial Services Biographical and compensation information regarding Mr. Graham and Ms. Palmer is set forth in the Company’s Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission (“SEC”) on April 27, 2026, and is incorporated by reference herein. There are no arrangements or understandings between the Company and either Mr. Graham or Ms. Palmer pursuant to which either was appointed Co-President, nor are there any changes to or additional material plans, contracts, or arrangements with either Mr. Graham or Ms. Palmer in connection with such appointments. Neither Mr. Graham nor Ms. Palmer has any family relationships with any current director, executive officer, or person nominated to become a director or executive officer, of the Company. In addition, Mr. Graham and Ms. Palmer have no direct or indirect material interests in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. On April 27, 2026, the Company issued a press release announcing the Board’s appointments of Mr. Graham and Ms. Palmer as Co-Presidents of the Company. A copy of the press release is being furnished herewith as Exhibit 99.1. The press release attached hereto as Exhibit 99.1 and incorporated by reference herein, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, Exhibit 99.1 shall not be deemed incorporated by reference into any of the Company’s registration statements, reports, or other filings with the SEC, except as expressly set forth by specific reference in such registration statement, report, or other filing.