-

The Sallie Mae Fund Provides $50,000 Grant to Big Brothers Big Sisters of Delaware to Assist Students Impacted by COVID-19

Grant Will Help Students Adjusting to Distance Learning and Expand Mentoring Programs

NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund, the charitable arm of Sallie Mae®, has made a $50,000 contribution to Big Brothers Big Sisters of Delaware to support programs to help students impacted by COVID-19.

Specifically, the $50,000 grant will help provide academic support and one-on-one guidance for low-income students adapting and adjusting to virtual learning due to COVID-19. In addition, the grant will support the expansion of mentoring programs, including those designed for LGBTQ+ students.

“Our goal to help children realize their full potential is made possible through the commitments made by our friends, mentors, and role models, and by the support of companies like Sallie Mae,” said Tom Thunstrom, executive director, Big Brothers Big Sisters of Delaware. “With this grant, we can help ensure students in Delaware are met with opportunity, regardless of who they are or what means they have.”

For more than 50 years, Big Brothers Big Sisters of Delaware has partnered with adult mentors and role models to provide at-risk children, primarily from single-parent homes, with strong and enduring, professionally supported one-on-one relationships that help them gain self-confidence, realize their potential, and envision happy and successful futures.

“The pandemic underscores, perhaps now more than ever, that education is critical in the pathway to success, but it has presented significant challenges in maintaining a learning environment where students can thrive,” said Nic Jafarieh, senior vice president, Sallie Mae. “We feel a strong sense of responsibility to help remove some of those obstacles and create more access to education, and I’m confident that our partnership with Big Brothers Big Sisters of Delaware will do just that.”

Since 2015, The Sallie Mae Fund has awarded more than $290,000 in grants to support Big Brothers Big Sisters of Delaware’s work to connect at-promise youth with adult role models. Sallie Mae team members regularly participate in the nonprofit’s Bowl for Kids’ Sake signature fundraiser and the Clothes for Kids’ Sake program.

For more information about Sallie Mae’s support in the community, visit www.salliemae.com/about/community-engagement.

***

Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.”

Category: Community and Philanthropy

Contacts

Ashley Boucher
856.430.0755
Ashley.Boucher@salliemae.com

Sallie Mae

NASDAQ:SLM

Release Summary
THE SALLIE MAE FUND PROVIDES $50,000 GRANT TO BIG BROTHERS BIG SISTERS OF DELAWARE TO ASSIST STUDENTS IMPACTED BY COVID-19
Release Versions

Contacts

Ashley Boucher
856.430.0755
Ashley.Boucher@salliemae.com

More News From Sallie Mae

Sallie Mae to Host Investor Forum on Dec. 8

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will host an investor forum on Monday, Dec. 8, 2025 at 5 p.m. ET. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. Investors should log in at least 15 minutes prior to the broadcast. For those dialing in or participating in the question-and-answer portion of the investor forum, please pre-register beginning today. Once registered, participants wil...

Sallie Mae Launches Private Credit Strategic Partnership with KKR

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae, the leader in private student lending, has announced a multi-year strategic partnership with KKR, a leading global investment firm. Through this multi-year engagement, KKR expects to purchase an initial seed portfolio of private education loans followed by a minimum of $2 billion in newly originated private education loans annually, for an initial three-year term. KKR's investment comes from KKR-managed credit funds and accounts via the firm's Asset-Ba...

Sallie Mae Awards $500,000 in Scholarships to Help Students Access and Complete College

NEWARK, Del.--(BUSINESS WIRE)--In celebration of National Scholarship Month, Sallie Mae today announced the newest recipients of its Bridging the Dream Scholarship Program. This year, 40 high school students from across the country, who excelled both inside and outside the classroom—and demonstrated financial need—were awarded a $10,000 Bridging the Dream Scholarship from The Sallie Mae Fund, in partnership with Thurgood Marshall College Fund. In addition, 10 graduate students who are making a...
Back to Newsroom