SLM Corporation
Medium Term Notes, Series B
With Maturities of 9 Months or More from Date of Issue
Registration No. 333-107132 Filed Pursuant to Rule 424(b)(3) Pricing Supplement No. 415 (To Prospectus dated January 5, 2005 and Prospectus Supplement dated January 5, 2005) |
Trade Date: 4/1/2005 Issue Date: 4/7/2005 |
The date of this Pricing Supplement is 4/1/2005
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Interest Payment |
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Subject to Redemption |
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CUSIP |
Stated Interest Rate Per Annum(1) |
Maturity Date |
Price to Public(2)(3) |
Discounts & Commissions |
Frequency |
First Payment |
Survivor's Option |
Yes/No |
Date and terms of redemption |
Aggregate Principal Amount |
Net Proceeds |
OID Status |
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78490FTJ8 | N/A | 6/15/2015 | 100% | 1.750% | Monthly | 05/15/05 | No | No | 492,000 | 483,390.00 | N |
Floating Rate Index |
Spread |
Reset Period(4) |
Accrual Method |
Maximum Interest Rate |
Minimum Interest Rate |
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*CMT | 0.000% | Monthly | 30/360 | N/A | 4.25% |
* The interest rate will be 10 year CMT × .80