SLM provides updated medium-term outlook

SLM (SLM), in investor presentation slides, presented an updated medium-term outlook that reflects expected growth from the Grad PLUS opportunity and the impact of its recently launched strategic partnership loan-sale program. Says PLUS program changes bring significant opportunity, and the company says it is “working to ensure every aspect of our business is prepared.” Once the shift from prior programs is fully complete, SLM anticipates an additional $4.5B-$5B in originations. Says to provide 2026 guidance when Q4/FY25 results are reported. Sees total managed loan portfolio growing “meaningfully” over the next five years. Says assuming NIM remains within low-to-mid 5% range.