Capital ManagementSLM sold $1.8bn of loans, freeing up nearly $400mm of capital, which is estimated to be used in buybacks, as the company has $302mm authority remaining.
Market OpportunityThe anticipated discontinuation of Grad PLUS loans and caps on Parent PLUS loans is expected to create a $4.5B-$5.0B opportunity for SLM based on its current ~60% market share of private student loans.
Market PositionSLM's strong presence and market position should allow it to capture opportunities from the privatization of the Grad Plus program.