UNDERWRITING AGREEMENTUnderwriting Agreement • June 3rd, 2005 • SLM Corp • Personal credit institutions • New York
Contract Type FiledJune 3rd, 2005 Company Industry JurisdictionSLM Corporation, a Delaware corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the Underwriters named in Schedule I hereto (the “Underwriters”) an aggregate of 4,000,000 shares (the “Shares”) of preferred stock, $0.20 par value per share (“Preferred Stock”), of the Company.