SLM Corporation
Medium Term Notes, Series B
With Maturities of 9 Months or More from Date of Issue
Registration No. 333-90316 Filed Pursuant to Rule 424(b)(3) Pricing Supplement No. 357 (To Prospectus dated January 23, 2003 and Prospectus Supplement dated January 23, 2003) |
Trade Date: 10/25/2004 Issue Date: 10/28/2004 |
The date of this Pricing Supplement is 10/25/2004
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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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78490FQZ5 | *Step | 12/15/2020 | 100% | 2.100% | Monthly | 11/15/04 | Yes | Callable at 100% on 12/15/2008 and Continuous thereafter with 20 days notice. | 5,797,000 | 5,675,263.00 | N |
*4.00% until but not including 12/15/08, then 7.00% thereafter
Effective April 7, 2003 the name of Salomon Smith Barney Inc., an agent of the program, was changed to Citigroup Global Markets Inc.