Sallie Mae - Subsidiaries

Subsidiaries

• Academic Management Services Corp. (Acquired 2003)
• Arrow Financial Services (Acquired Majority Interest September 2004)
• First Trust Financial
• General Revenue Corporation (Acquired January 2002)
• GRP Financial Services (Acquired August 2005)
• Nellie Mae (Acquired July 1999)
• Pioneer Credit Recovery Inc.
• Sallie Mae Bank
• Sallie Mae Home Loans
• Sallie Mae Inc.
• SLM Financial Corporation
• Southwest Student Services Corporation (Acquired October 2004)
• Student Assistance Corporation
• Student Loan Finance Association (Acquired November 2004)
• Student Loan Funding (Acquired July 7, 2000)
• Upromise (Acquired August 23, 2006)