Dallas, Texas 05/22/2014 (FINANCIALSTRENDS) – SLM Corp (NASDAQ:SLM), also known as Sallie Mae, is the No. 1 financial services company in the U.S. which is specialized in education. Recently the company announced its offering of new financial literacy resources which are intended to help families with financial planning for college. SLM’s latest study, “How America Saves for College” revealed that only 23% of families have a goal for college savings and about 41% have a plan to pay for college despite nearly 90% (9 out of 10) parents value education as an “investment” for child’s future.
Plan for College:
Sallie Mae or SLM Corp (NASDAQ:SLM) launched a new online college planning resource with a clear objective to assist families make a comprehensive financial plan towards achieving higher education goals for their children. The online resource named “Plan for College” has been added as a new section on the company’s website SallieMae.com. This section will provide families with resources to make their own financial planning to save and pay for higher education including informational content, calculators and interactive tools.
Plan for College initiative will allow families to make their own plan, specific to their children. Moreover, the resources offer relevant content to cater to specific needs of different families. For example, whose children are about to enter college within two years can learn more about different approach to pay for college and whose children have more than two years of time can learn more about financial saving to pay for college.
Sallie Mae or SLM Corp (NASDAQ:SLM)’s offers some of the exciting features like “Sallie Mae Scholarship Search” that features over 3 million scholarships worth around $18 billion in aggregate. The online resource also features “College Planning Calculator” which guides families and their students about financial planning for college using an interactive step by step approach.
Yesterday, the stock closed at $8.92, gaining 1.94% from its previous close.