X0306 4 2017-02-04 0001032033 SLM CORP SLM 0001439296 Quinlan Raymond J. 300 CONTINENTAL DRIVE NEWARK DE 19713 1 1 Chairman & CEO Common Stock 2017-02-04 4 F 0 31354 12.04 D 1447191 D On February 4, 2014, Mr. Quinlan was awarded 69,070 Restricted Stock Units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company") that were subsequently adjusted in the spin-off of Navient to reflect 193,728 RSUs outstanding and an additional 403 RSUs attributable to dividends. On February 4, 2017, the restrictions lapsed on 64,577 shares and 31,354 shares of the Company common stock were withheld to satisfy Mr. Quinlan's tax withholding obligations. /s/ Nicolas Jafarieh (POA) for Raymond J. Quinlan 2017-02-07