Form 424b3

SLM Corporation

Medium Term Notes, Series B

LOGO

With Maturities of 9 Months or More from Date of Issue

 

Registration No. 333-107132         
Filed Pursuant to Rule 424(b)(3)         
Pricing Supplement No. 601   

Trade Date:

    2/5/2007   
(To Prospectus dated January 5, 2005 and Prospectus Supplement dated January 5, 2005)   

Issue Date:

    2/8/2007   
The date of this Pricing Supplement is    2/5/2007      

 

CUSIP

   

Stated
Interest

Rate

Per 1
Annum

  

Maturity

Date

   

Price

to

Public

2 3

  

Discounts &

Commissions

   Interest Payment   

Survivor’s

Option

    Subject to Redemption   

Aggregate

Principal
Amount

   

Net

Proceeds

   

OID

Status

            Frequency    First
Payment		       Yes/No   

Date

and

terms

of redemption

         

78490GAF4

    6.00%   03/15/2027    100%   2.250%   Semi    03/15/07    No    Yes    Callable at 100% on 3/15/2011
and Continuous thereafter with
10 NY business days notice.		    2,350,000    2,297,125.00    N

As of September 12, 2005 ABN AMRO Financial Services, Inc. changed its name to LaSalle Financial Services, Inc. Consequently, all references to “ABN AMRO Financial Services, Inc.” in the prospectus are amended to read “LaSalle Financial Services, Inc.”.

Effective June 30, 2005, Bear, Stearns & Co. Inc. was added as a selling agent under the SLM EdNotes program.

 

1 The interest rates on the Ed Notes may be changed by SLM Corporation from time to time, but any such change will not affect the interest rate on any Ed Notes offered prior to the effective date of the change.

 

2 Expressed as a percentage of aggregate principal amount.

 

3 See “Supplemental Plan of Distribution” in the Prospectus supplement for additional information concerning price to public and underwriting compensation.