#United States #New Jersey #Class Action #Pomerantz LLP #SLM Corporation

Pomerantz Law Firm Files Class Action Against SLM Corporation

On January 29, 2026, Pomerantz LLP announced that it has filed a class action lawsuit targeting SLM Corporation and certain of its officers. This legal action takes place in the United States District Court for the District of New Jersey, and is officially cataloged under docket number 25-cv-18834. The lawsuit is brought forth on behalf of investors who acquired SLM securities between July 25 and August 14, 2025, collectively known as the Class Period. The plaintiffs seek to recover damages stemming from alleged infractions of federal securities laws, invoking Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5.

Investors who engaged with SLM securities during this Class Period must act swiftly, as the deadline to petition for appointment as Lead Plaintiff is February 17, 2026. Interested parties can download a copy of the complaint from the firm’s website, www.pomerantzlaw.com. Danielle Peyton, a representative from Pomerantz, invites inquiries and can be contacted directly at 646-581-9980.

SLM Corporation, often recognized as Sallie Mae, primarily focuses on originating and managing private education loans (PELs), which assist students and their families. The organization emphasizes the quality of its loans and its comprehensive support programs tailored to enhance loan collectability.

In terms of loan repayment status, SLM categorizes PELs as in repayment when clients are making interest-only or set payments, or when they transition to full principal and interest repayment following any applicable grace period. The company adopts a policy of writing off delinquent loans once they reach 120 days delinquent, or once they are deemed a loss by SLM or regulatory authorities. This significantly impacts SLM's cost structure, as servicing delinquent borrowers incurs higher expenses compared to those in good standing.

Delinquency rates on private education loans represent a vital metric for investors, providing insights into SLM's operational health and profitability. Throughout the relevant period, investors and market analysts received assurances from the defendants regarding the cause of the rising delinquency rates, attributing them to seasonal trends and minor adjustments in loan offerings. During an investor conference on July 24, 2025, Peter M. Graham, SLM's Chief Financial Officer, reassured the audience that observed trends reflected normal seasonal patterns. However, this portrayal conflicted sharply with later revelations about the firm's financial condition.

On August 14, 2025, TD Cowen, an investment bank, released a report detailing an increase in delinquent accounts that contradicts prior statements by defendants. This report indicated a notable rise in delinquency rates, especially in the early stages, which deviated from the expected seasonal trends. Following this disclosure, SLM's stock price plummeted by $2.67 per share, translating to a 8.09% drop, bringing the closing price to $30.32 on August 15, 2025.

Pomerantz LLP stands recognized as one of the premier firms in securities, corporate, and antitrust class action litigation. With over 85 years of experience, Pomerantz has been at the forefront of advocating for victims of securities fraud and corporate misconduct, having secured billions in damages for class members over its long history. This commitment to justice upholds the legacy of its founder, Abraham L. Pomerantz, known as the father of class action lawsuits.

For more details and further communication, interested investors may reach out to Danielle Peyton from Pomerantz LLP for assistance. The firm is resolute in its mission to address corporate abuses and misrepresentation, thereby safeguarding the rights of investors nationwide.