Sallie Mae, the nation's saving, planning, and paying for college company, through its charitable arm, The Sallie Mae Fund, today announced an $80,000 donation to support hurricane and disaster relief efforts, including a $50,000 donation to the American Red Cross. Specifically, the $50,000 will provide assistance to those affected by hurricanes in Texas, Florida, and Puerto Rico, and will also be used for additional Red Cross disaster relief efforts in the U.S. as needed.

The company also announced a donation of $20,000 to the Houston Independent School District to support rebuilding efforts in the aftermath of Hurricane Harvey. Sallie Mae executives and employees were in Houston last week to present the check during "Dee-1's Knowledge for College Tour," a six-city national tour promoting college planning and financial literacy. The company will also provide an additional $10,000 to support college scholarships for those students affected by hurricanes.

"Our thoughts continue to be with those students, families, and schools affected by the hurricanes and other recent natural disasters," said Bonnie Rumbold, chief human resources officer, Sallie Mae Bank, and president, The Sallie Mae Fund. "We are here for our customers and their local communities during rebuilding efforts."

For customers affected by the recent hurricanes who may need account-related assistance, please call 1-800-472-5543 (1-800-4-SALLIE).

For more information on saving, planning, and paying for college, visit

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, Upromise rewards, scholarship search, college financial planning tools, and online retail banking. Learn more at Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

View source version on

Copyright Business Wire 2010