Sallie Mae Contributes $250,000 to Advance Access and Equity in Higher Education

Grants to Hispanic Affiliation of Schools and Universities and Place Foundation Aspect of Multi-Year Determination to Promote Diversity and Progress Social Justice

NEWARK, Del., December 20, 2021–(Organization WIRE)–The Sallie Mae Fund, the charitable arm of Sallie Mae®, today introduced grants of $125,000 each to Hispanic Affiliation of Schools and Universities (HACU) and Stage Foundation. The grants are section of a multi-yr, $4.5 million commitment by The Sallie Mae Fund declared last calendar year to raise higher instruction obtain and completion amongst minority learners and underserved communities.

In full, The Sallie Mae Fund has contributed $500,000 to HACU and Place Basis more than the last two a long time. The grants support educational packages that advance social justice, variety, inclusion, and equality. Specifically, they’ve served present internship possibilities, mentoring packages, scholarships, and economic assist to pupils.

“Considering that our founding in 2001, we have been the nation’s premier scholarship granting firm for lesbian, gay, bisexual, transgender, and queer (LGBTQ) learners,” claimed Jorge Valencia, Govt Director and CEO, Stage Basis. “Our success has been produced attainable by businesses like The Sallie Mae Fund, that constantly offer us with the important sources to assist and empower our hundreds of scholarship recipients.”

“All through our 35-year historical past, we’ve been fortuitous to build partnerships with people and organizations who champion our goal of advancing Hispanic university student achievements,” explained Antonio R. Flores, HACU President and CEO. “We seem ahead to our continued partnership with The Sallie Mae Fund and encouraging additional Hispanic learners excel in faculty, their occupation, and in company to their communities throughout the nation, and overseas.”

This 12 months, The Sallie Mae Fund was identified with HACU’s Extraordinary Philanthropic Associate Award for its steadfast determination to address significant difficulties that affect higher education entry and completion.

“We’ve observed first-hand the worth of a increased education and how a college degree can have a long lasting, good generational affect,” said Jonathan Witter, CEO, Sallie Mae. “Much too generally, having said that, those people from underserved and marginalized communities are not afforded these alternatives. Our target — as a result of grants, scholarships, and absolutely free confidence-inspiring instruments and resources — is to continue on to assist amount the playing industry to assure that more learners, of all backgrounds, are capable to not only access, but also full college or university.”

In addition to grants to HACU and Issue Foundation, The Sallie Mae Fund presented a $50,000 grant to Folds of Honor to support school scholarships for youngsters and spouses of disabled and fallen armed forces service users. Given that 2014, The Sallie Mae Fund has contributed much more than $375,000 to Folds of Honor.

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Sallie Mae (Nasdaq: SLM) believes education and daily life-extensive studying, in all kinds, aid people today realize wonderful things. As the chief in private college student lending, we deliver financing and know-how to guidance obtain to higher education and offer you solutions and methods to enable shoppers make new objectives and activities, outside of college or university, come about. Study extra at Typically regarded as Sallie Mae, SLM Company and its subsidiaries are not sponsored by or companies of the United States of America.

Class: Group and Philanthropy

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Connor Peoples
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