FORM 10-K - Annual report

Sep 19, 2026

United States Securities and Exchange Commission Form 10-K for SLM Corporation (formerly USA Education, Inc.) reporting for the fiscal year ended December 31, 2003, with related disclosures covering annual report or transition report under the Securities Exchange Act of 1934. The text includes registrant identification details, securities information, filing status indicators, market value and outstanding shares, forward-looking statements describing key risk factors affecting results, and a glossary defining terms such as Consolidation Loans, rebate fees, Constant Prepayment Rate (CPR), and DOE.

LanguageEnglish

CategoryForms

FormatPDF

Pages190

Reading Time1 h 7 min

AccessFree to download

Form 10-K (Annual/Transition Report)

Registrant and Securities Information

Forward-Looking Statements

Glossary

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) 􀀁 Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2003 or 􀀂 Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file numbers 001-13251 SLM CORPORATION (formerly USA Education, Inc.) (Exact Name of Registrant as Specified in Its Charter) Delaware 52-2013874 (State of Other Jurisdiction of (I.R.S. Employer Identification No.) Incorporation or Organization) 11600 Sallie Mae Drive, Reston, Virginia 20193 (Address of Principal Executive Offices) (Zip Code) (703) 810-3000 (Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Common Stock, par value $.20 per share. Name of Exchange on which Listed: New York Stock Exchange 6.97% Cumulative Redeemable Preferred Stock, Series A, par value $.20 per share Name of Exchange on which Listed: New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes 􀀁 No 􀀂 Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act) . Yes 􀀁 No 􀀂 The aggregate market value of voting stock held by non-affiliates of the registrant as of June 28, 2002 was approximately $14,802,593,807 (based on closing sale price of $96.90 per share as reported for the New York Stock Exchange—Composite Transactions) . As of February 27, 2004, there were 442,536,880 shares of Common Stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement relating to the registrant’s Annual Meeting of Shareholders scheduled to be held May 13, 2004 are incorporated by reference into Part III of this Report. Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. 􀀁 This report contains forward-looking statements and information that are based on management’s current expectations as of the date of this document. When used in this report, the words ‘‘anticipate,’’‘‘believe,’’‘‘estimate,’’‘‘intend’’ and ‘‘expect’’ and similar expressions are intended to identify forwardlooking statements. These forward-looking statements are subject to risks, uncertainties, assumptions and other factors that may cause the actual results to be materially different from those reflected in such forward-looking statements. These factors include, among others, changes in the terms of student loans and the educational credit marketplace arising from the implementation of applicable laws and regulations and from changes in these laws and regulations, which may reduce the volume, average term and costs of yields on student loans under the Federal Family Education Loan Program (‘‘FFELP’’) or result in loans being originated or refinanced under non-FFELP programs or may affect the terms upon which banks and others agree to sell FFELP loans to SLM Corporation and its subsidiaries (‘‘the Company’’) . The Company could also be affected by changes in the demand for educational financing or in financing preferences of lenders, educational institutions, students and their families; changes in the general interest rate environment and in the securitization markets for education loans, which may i

FAQs

What reporting form and period does this document cover?

It is SEC Form 10-K covering the fiscal year ended December 31, 2003, and it also references the alternative transition report structure under the Act.

What kinds of forward-looking statements are discussed?

The report identifies forward-looking statements using terms such as anticipate, believe, estimate, intend, and expect, and explains that risks and uncertainties may cause actual results to differ materially.

What is a Consolidation Loan according to the glossary?

A Consolidation Loan combines eligible student loans into one note with a fixed rate for the loan’s life, with the fixed rate based on the weighted-average interest rate rounded up to the nearest 1/8th of a percent, subject to a maximum.

Sep 19, 2026

Upload by Aria Callaghan