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SLM Corp., Floating Rate Non-Cumulative Preferred Stock, Series B

Ticker: SLMBP

Parent Ticker:

OTC Grey Market Temporary Ticker:

Issuance Date: 06/03/2005

1st Call Date: 06/15/2010

Maturity Date: None

Shares Issued: 0

Overallotment Shares: 0

Coupon:

Face Value: $100.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount:

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only):

Moody Rating: B1

Fitch Rating: NR