Slm Corporation · NASDAQ:SLM

Slm — Debt Investor Presentation (May 2022)

21 slides from Slm's debt investor presentation, May 17, 2022

1. Slide 1: Period ended March 31, 2022

   Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. Period ended March 31, 2022 Exhibit 99.1

2. Slide 2: Cautionary Note Regarding Forward-Looking Statements

   Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 2 Cautionary Note Regarding Forward-Looking Statements The following information is current as of March 31, 2022 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation

3. Slide 3: Bank. All rights reserved.

   Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 3

4. Slide 4: SMB Private Education Loan Trust securitization transactions

   Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 4 • Date Transaction Date Transaction Date Transaction July 2015 SMB Private Education Loan Trust 2015-B May 2016 SMB Private Education Loan Trust 2016-A February 2017 SMB Private Education Loan Trust 2017-A July

5. Slide 5: Bank. All rights reserved. • • • • • • • •

   Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 5 • • • • • • • •

6. Slide 6: Smart Option Serviced Portfolio: 30-59 Day Delinquencies

   Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 6 Smart Option Serviced Portfolio: 30-59 Day Delinquencies 0% 2% 4% 6% 8% 10% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a

7. Slide 7: Smart Option Serviced Portfolio: 60-89 Day Delinquencies

   Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 7 Smart Option Serviced Portfolio: 60-89 Day Delinquencies 0% 2% 4% 6% 8% 10% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a

8. Slide 8: Smart Option Serviced Portfolio: 90+ Day Delinquencies

   Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 8 Smart Option Serviced Portfolio: 90+ Day Delinquencies 0% 2% 4% 6% 8% 10% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r

9. Slide 9: Smart Option Serviced Portfolio: Forbearance

   Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 9 Smart Option Serviced Portfolio: Forbearance 0% 5% 10% 15% 20% 25% 30% 35% 40% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6

10. Slide 10: Smart Option Serviced Portfolio: Annualized Gross Defaults

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 10 Smart Option Serviced Portfolio: Annualized Gross Defaults 0% 2% 4% 6% 8% 10% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6

11. Slide 11: Cumulative Defaults by P&I Repayment Vintage

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 11 3.3% 2.6% 2.3% 2.0% 1.8% 1.2% 0.5% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 0 1 2 3 4 5 6 7 8 C u m u la ti v e D e fa u lt s a s a % o f D is b u rs e d P ri n c ip a l E n te ri n g P & I R e p a y m e n t Years Sin

12. Slide 12: Prepayment data and footnotes

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 12 Data as of March 31, 2022. (1) Please see pages 20 & 21 for a description and explanation of the data and calculations underlying these charts. (2) Data for all loans from initial disbursement, whether or not s

13. Slide 13: Prepayment data by disbursement vintage

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 13 ► Data as of March 31, 2022. (1) Please see pages 20 & 21 for a description and explanation of the data and calculations underlying these charts. (2) Data for all loans from initial disbursement, whether or not

14. Slide 14: Bank. All rights reserved. (1) Please see page for a description and explanation of

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 14 (1) Please see page 19 for a description and explanation of the data and calculations underlying these charts. (2) Data static as of December 31, 2018 for Legacy SLM, Navient and Sallie Mae Bank serviced portfo

15. Slide 15: Bank. All rights reserved. (1) Please see page for a description and explanation of

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 15 (1) Please see page 19 for a description and explanation of the data and calculations underlying these charts. (2) Data static as of December 31, 2018 for Legacy SLM, Navient and Sallie Mae Bank serviced portfo

16. Slide 16: Bank. All rights reserved. (1) Please see page for a description and explanation of

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 16 (1) Please see page 19 for a description and explanation of the data and calculations underlying these charts. (2) Data static as of December 31, 2018 for Legacy SLM, Navient and Sallie Mae Bank serviced portfo

17. Slide 17: Bank. All rights reserved. (1) Please see page for a description and explanation of

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 17 (1) Please see page 19 for a description and explanation of the data and calculations underlying these charts. (2) Data static as of December 31, 2018 for Legacy SLM, Navient and Sallie Mae Bank serviced portfo

18. Slide 18: Bank. All rights reserved.

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 18

19. Slide 19: Data description and explanation

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 19     o o o   o o o

20. Slide 20: Data description and explanation

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 20         

21. Slide 21: CPR calculation formulas

    Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 21 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡𝑡 = 𝑃𝑀𝑇𝑡 − 𝑆𝑃𝑡 𝑆𝑀𝑀𝑡 = Τ𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡𝑡 𝐸𝑋𝑃𝑡 𝑆𝑅𝑡 = 1 − 𝑆𝑀𝑀𝑡 𝐶𝑃𝑅𝑛 = 1 − ෑ 𝑡=1 3 𝑆𝑅𝑡 4 𝑤ℎ𝑒𝑟𝑒: 𝑛 = 𝑞𝑢𝑎𝑟𝑡𝑒𝑟 𝑡 = 𝑚𝑜𝑛𝑡ℎ 𝑜𝑓 𝑞𝑢𝑎𝑟𝑡𝑒𝑟

SLM — Debt Investor Presentation (May 2022) on 6ix