What's the prize?

Sallie Mae is giving away up to $25,000 toward your student loan balance. One prize is awarded each month.

Do I have to enter The Giveaway every month to be eligible to win?

No. Once you enter The Giveaway, you will be eligible for all successive monthly drawings, assuming you continue to meet all other eligibility requirements.

Who's eligible for The Great Sallie Mae Giveaway?

• Sweepstakes is open to all people who are borrowers as of March 1, 2010, of one or more student loans serviced by Sallie Mae, Inc., regardless of creditor, excluding persons whose accounts are sixty (60) or more days past due as of the date of the drawing.
• To be eligible to win, Sallie Mae must have a valid email address on file on the date of the drawing. If you change your email address after you register, please go to www.salliemae.com to update your registration.
• Sweepstakes is open only to legal residents of the United States.

Who is not eligible for The Great Sallie Mae Giveaway?

• Borrowers who are under the age of majority in their state of residence are ineligible to participate.
• Borrowers who are employees, officers, or directors of Sallie Mae, their parent companies, affiliates, and subsidiaries, and the borrowers' children, parents, spouses, and members of their household are ineligible to participate.
• Borrowers whose Sallie Mae loans are not serviced by Sallie Mae are ineligible to participate.

How can I enter The Giveaway?

You may register for The Great Sallie Mae Giveaway by enrolling in Manage Your Loans, Sallie Mae's online account management service.

Once you are logged in to Manage Your Loans, simply access My contact information located in the upper right corner of the Account summary page to indicate your email permissions and enroll in The Giveaway. You will be asked:

If you agree to both conditions, you will have two entries in the Sweepstakes. If you agree to only one condition, you will have one Sweepstakes entry.

In addition, if you are enrolled in the Manage Your Loans^SM online billing service, you will receive an additional two entries each month in the Sweepstakes. You will receive two additional entries if you are enrolled in Sallie Mae's automatic debit student loan repayment service. (See our Official Rules.)

You must enroll in either the online billing or the automatic debit student loan repayment service to get the additional sweepstakes entries, but you may not get additional entries by enrolling in both at the same time. If you are enrolled in both the online billing and the automatic debit repayment services, you will only receive additional sweepstakes entries for enrollment in the automatic debit service.

You'll get one additional Sweepstakes entry each month by making at least one online payment using Manage Your Loans' "Pay Now" feature. You'll be credited for the additional Sweepstakes entry once Sallie Mae has successfully received your payment and applied it to your account. If you try to make an online payment and Sallie Mae is unable to credit the funds to your account (due to insufficient funds), then you will not receive any Sweepstakes entries for that month.

Read the Official Rules for all the legal details.

Can I enter by mail?

Yes, you can. Send us a 4" x 6" card with the following information:

• Your full name
• Your complete address
• Valid email address
• Valid telephone number
• Your Sallie Mae account number
• The words "The Great Sallie Mae Giveaway entry"

Remember to tell us if you agree to have account correspondence and/or special offers/information from Sallie Mae and/or its partners and affiliates sent to you.
If you agree to both conditions, you will have two entries in the Sweepstakes. If you agree to one condition, you will have one Sweepstakes entry.

Write the words "Manage Your Loans—online billing payment" on your entry to get three additional entries (for one monthly Sweepstakes drawing) or, instead, write the words "automatic debit payment" for an additional two entries (for one monthly Sweepstakes drawing).

Mail your entry to:

Is there anything else I need to know about my entry?

• You must enter no later than one day before the monthly drawing to be eligible to win the monthly prize.
• Maximum five entries per drawing, regardless of the method of entry.
• If you do not win a prize, your entry or entries (excluding online billing, automatic debit, and "Pay Now" entries) remain eligible for future drawings.
• The earlier you enter, the greater your chance of winning.
• Entries to The Great Sallie Mae Giveaway that ended on February 28, 2010, are automatically entered in this Sweepstakes.

If I've already given my email address to Sallie Mae for other reasons, am I automatically entered in The Giveaway?

No, you aren't. You must specifically enter The Giveaway at Manage Your Loans.

If your email address has recently changed, this is a great opportunity to enter the Sweepstakes, update email address information, and begin to receive correspondence and marketing offers by email.

When does The Great Sallie Mae Giveaway start?

The official start for The Giveaway was March 1, 2010. Drawings will be held on the last day of each month or as soon as is commercially reasonable.

How are winners drawn?

Winners are determined by random drawing from all eligible entries received at least one day before the monthly drawing.

How are winners notified?

Giveaway winners are notified by email within one week after each drawing. All decisions are final and binding. A list of prize winners is posted on this site.

What is the definition of "student loan account" for this sweepstakes?

At Sallie Mae, a student loan account includes up to 20 student loans in the borrower's name that are being serviced by Sallie Mae, Inc.

How will the prize be awarded if my student loan balance is over $25,000?

If the outstanding balance of the winner's student loan account is greater than $25,000, the $25,000 credit will be applied in the order of (1) late fees; (2) administrative fees; (3) interest; and (4) principal.

Is the prize taxable?

Yes. In general, the amount that is credited to a borrower's account will be considered taxable income, and the borrower will be liable for taxes.

Why is Sallie Mae making this offer?

Sallie Mae has partnerships with trusted financial service providers and retailers to create offerings for our borrowers that are of superior value.

• We would like your permission to use your email address to establish an efficient, cost-effective channel of communication for these offers.
• In addition, we are very interested in servicing borrowers' accounts electronically because it is more efficient and much less costly than traditional servicing methods — namely phone and U.S. mail.

Does this mean I'll get more "spam"?

Email marketing without the recipient's permission is "spam." Sallie Mae respects the privacy of its customers and maintains strict privacy policies. Customers who receive email from us may opt out of marketing offers at any time.

Sallie Mae does not sell our customers' names to organizations not affiliated with Sallie Mae. Sallie Mae will make all marketing offers on behalf of our partners.

Read the Official Rules for all the terms and conditions.