Law Offices of Frank R. Cruz Encourages SLM Corporation (SLM) Shareholders To Inquire About Securities Fraud Class Action

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased SLM Corporation a/k/a Sallie Mae (“SLM” or the “Company”) (NASDAQ: SLM) securities between July 25, 2025 and August 14, 2025, inclusive (the “Class Period”). SLM investors have until February 17, 2026 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR SLM CORPORATION (SLM) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at [email protected], by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

On August 14, 2025, investment bank TD Cowen issued a report stating that delinquencies on SLM’s private education loans in July 2025 were overall “higher (worse) than the seasonal . . . performance for July, driven by [an increase] in early stage delinquencies.”

TD Cowen’s findings directly contradicted the statements of the Company’s Chief Financial Officer, Peter Graham, made less than a month earlier, which asserted that SLM was observing delinquency rates that were merely “following the normal seasonal trends[.]”

On this news, SLM’s stock price fell $2.67, or 8.1%, to close at $30.32 per share on August 15, 2025, thereby injuring investors.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors 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’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:

If you purchased SLM securities, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz

2121 Avenue of the Stars, Suite 800

Telephone: 310-914-5007

Email: [email protected]
Visit our website at: www.frankcruzlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Frank R. Cruz

2121 Avenue of the Stars, Suite 800

Telephone: 310-914-5007

Email: [email protected]
Visit our website at: www.frankcruzlaw.com