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SLM backs FY25 EPS view $3.00-$3.10, consensus $3.09

Now sees 5%-6% y/y growth in private education loan originations vs. prior view of 6%-8%. Still sees 2%-2.2% total loan portfolio net charge-offs as a percentage of average loans in repayment and $655M-$675M in non-interest expenses. Comments from slides being presented at the 2025 Barclays Global Financial Services Conference.

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