4 2007-01-25 0 0001032033 SLM 0001065144 eb8q@rgm 12061 Bluemont Way Reston VA 20190 1 0 0 0 Stock Option (Right to Buy) 45.4100 2007-01-25 4 A 0 10000 0 A 2017-01-25 Common Stock 10000.0000 10000.0000 D These options become exercisable upon (1) the Company's common stock having a closing price on the New York Stock Exchange of $54.49 for five trading days or (2) the Director's election to the SLM Corporation Board at the 2007 annual shareholder meeting, whichever is later. The options also become exercisable on the fifth anniversary of the grant (January 25, 2012). By: Mary F. Eure (POA) 2007-01-25