RESTON, VA, March 5, 2008—Paying for college just got a whole lot easier for Angela Shoemaker of Winchester, Va. Sallie Mae, the nation’s leading provider of education funding, today announced that Shoemaker has won the company’s Parent Answer Sweepstakes, an annual giveaway that rewards a parent of a college student with a $10,000 scholarship.
Shoemaker will put the winnings toward tuition for her two children, Candice, who is a sophomore at Lord Fairfax Community College, and Ryan, who is a freshman at Virginia Tech.
“This scholarship is a real blessing,” said Shoemaker. “The money will cover full tuition of both childrens’ tuition. We don’t have to use any other means this year.”
In its sixth year, the Parent Answer Sweepstakes is open to parents who have one or more children under age of 24 who will be enrolled in college for the upcoming academic year. Individuals may enter the Parent Answer Sweepstakes by completing a free online registration form at www.CollegeAnswer.com. A complete list of program terms and conditions can be found at www.CollegeAnswer.com/
sweepstakes.
Sallie Mae’s Parent Answer Sweepstakes is part of its dedication to helping students and families to follow a 1-2-3 approach to paying for college:
- Use Free Money First: Apply for scholarships and grants and use current income, savings, and Sallie Mae’s TuitionPay interest-free monthly tuition payment plan.
- Explore Federal Loans: Federal loans, such as the parent PLUS Loan, generally offer low fixed interest rates and flexible repayment options.
- Fill the Gap with Private Education Loans: Private loans are convenient and designed to help students meet the total cost of college.
To learn more about other college-financing options, including the parent PLUS Loan, a low fixed interest, federally sponsored loan that allows parents to borrow up to the full cost of college, less financial aid, please visit www.SallieMae.com/ParentPLUS.
For more information contact:
Erica Eriksdotter (703) 984-5628
SLM Corporation (NYSE:
SLM), commonly known as Sallie Mae, is the nation’s leading provider of saving- and paying-for-college programs. The company manages nearly $178 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages more than $19 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 9.4 million members and $450 million in member rewards. Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies. More information is available at
www.salliemae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.