UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

		Date of Report (Date earliest event reported): January 25, 2008

SLM CORPORATION

DELAWARE (State or other jurisdiction of formation)		File No. 001-13251 (Commission File Number)		52-2013874 (I.R.S. employer Identification No.)

 

12061 Bluemont Way, Reston, VA 20190	20190
(Address of registrant’s principal executive offices)	(zip code)

Registrant’s telephone number including area code: (703) 810-3000

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨		Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨		Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 1.02 Termination of a Material Definitive Agreement

     On January 25, 2008, SLM Corporation, a Delaware corporation (the “Company”), Mustang Holding Company Inc. (“Mustang Holding”), Mustang Merger Sub, Inc.(“Mustang Sub”), J.C. Flowers II L.P., Bank of America, N.A. and JPMorgan Chase Bank, N.A. entered into a Settlement, Termination and Release Agreement (the “Agreement”). Under the Agreement, the Merger Agreement, dated April 15, 2007, among the Company, Mustang Holding and Mustang Sub was terminated.