Sallie Mae’s Latest Corporate Social Responsibility Report Highlights Efforts to Support Customers and Advance Social Justice

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[{"type":"text","content":" NEWARK, Del.--(BUSINESS WIRE)--\nSallie Mae® (Nasdaq: SLM) today released its latest Corporate Social Responsibility Report, “Powering Confidence: Increasing Access and Opportunity Through Higher Education.” The report highlights the company’s commitment to customers, team members, communities, the environment, and corporate governance.\n\nInitiatives included in this year’s report further advance strong foundations of leadership, accountability, and sustainability where team members live, work, and serve. The report also illustrates Sallie Mae’s significant response to the COVID-19 pandemic and efforts in advancing social justice and equity in higher education. Highlights include:\n\n\nOffered relief programs to give customers the ability to pause student loan payments during the pandemic;\n\n\nProvided a $1 million contribution from The Sallie Mae Fund, the company’s philanthropic arm, to local food banks, resulting in more than 900,000 meals and 2 million pounds of food, and personal protective equipment for food bank staff and volunteers;\n\n\nCommitted $3 million in scholarships over the next three years, in partnership with The Thurgood Marshall College Fund, to help minority students access higher education and complete their post-secondary programs; and\n\n\nCommitted $1.5 million in grants from The Sallie Mae Fund over the next three years to advance social justice through higher education.\n\n\n“This year’s Corporate Social Responsibility Report reflects the strides we’ve made to simplify the higher education planning process, improve access and completion rates, and ultimately, build a healthier, more inclusive world,” said Jonathan Witter, CEO, Sallie Mae. “We continue to power confidence for students and families throughout their journey, while maintaining high standards for our environmental, social, and governance practices.”\n\nAdditional highlights from the report include:\n\nStrengthening our communities\n\n\nAwarded $2.2 million to various organizations, including Big Brothers Big Sisters, Junior Achievement, and Year Up Wilmington, to address key barriers to higher education and to build more resilient communities.\n\n\nMatched more than $60,000 in team member contributions to help various nonprofit organizations. Team members also volunteered nearly 900 hours.\n\n\nImproving financial literacy\n\n\nConnecte...

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