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SLM Financial Awards $3,500 to Brooklyn Family in K-12 Family Education Loan Scholarship Sweepstakes

Posted on: Monday, 12 February 2007, 15:00 CST

BROOKLYN, N.Y., Feb. 12 /PRNewswire-FirstCall/ -- SLM Financial, a Sallie Mae company that offers products for parents of K-12 children, today announced that it has awarded $3,500 to Rickey and Inger Mercado of Brooklyn as the winners of its K-12 Family Education Loan Scholarship Sweepstakes. The prize is awarded annually to one lucky family who uses SLM Financial's loan program to finance a private K-12 education.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )

The Mercado's two children attend a private school in Brooklyn. The Mercado's eldest son attends fifth grade at Poly Prep Middle School, and their daughter attends first grade at Poly Prep Lower School. The Mercado's took out an SLM Financial K-12 Family Education Loan to help them cover Poly Prep's tuition.

"My children love the school they attend and I believe they are getting a wonderful education there, but at times it can be difficult to handle the cost of a private education," said Rickey Mercado. "The SLM Financial K-12 education loan program helped me continue providing a well-rounded education for my children when I needed the help the most."

Poly Prep has approximately a 700-student capacity and believes in the development of the whole person-health, mind, and character. The school features a diverse learning community, emphasizes close relationships between students and faculty to help students question freely, develop powers of critical thinking and accept differences.

SLM Financial provides an array of products to help parents of children in kindergarten through high school. The K-12 Family Education Loan can be used to cover the entire cost of a child's education and expenses at private primary and secondary schools, include parochial schools, day schools, charter schools and boarding schools. In addition, the Sallie Mae Tutorial Financing Program helps parents afford tutoring programs, which give a student skills to excel in school and perform better on standardized tests.

"SLM Financial's K-12 programs help families send their children to private primary and secondary schools, and giving them a head start in life," said Dennis Murphy, vice president, SLM Financial. "Our program will help families put their child on the path to future success and will save families hundreds of dollars over other financing options, making private school an affordable reality."

For more information about SLM Financial's K-12 programs, visit http://www.slmfinancial.com/.

SLM Financial Corporation is a wholly owned subsidiary of SLM Corporation, commonly known as Sallie Mae, the nation's leading provider of education funding. The company offers a full-range product line to meet the needs of consumers, homeowners, students and schools. In addition to expanding Sallie Mae's private education credit products through career training and lifelong learning programs, SLM Financial operates a centralized mortgage origination operation, which offers an array of home financing products to consumers, including purchase, refinance and debt consolidation programs. SLM Financial has more than 20 retail branches in the Eastern United States. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-aAP Archive: http://photoarchive.ap.org/PRN Photo Desk photodesk@prnewswire.com

Sallie Mae

CONTACT: Erica Eriksdotter of Sallie Mae, +1-703-984-5628,erica.eriksdotter@salliemae.com

Web site: http://www.slmfinancial.com/

Company News On-Call: http://www.prnewswire.com/comp/827187.html

Source: PRNewswire-FirstCall

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