Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Thome Paul F
 2. Date of Event Requiring Statement (Month/Day/Year)
02/22/2016		 3. Issuer Name and Ticker or Trading Symbol
SLM CORP [SLM]
(Last)
(First)
(Middle)
300 CONTINENTAL DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & Chief Admin Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEWARK, DE 19713		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 84,802
D
 
Common Stock 40,834.71 (1)
I
401(k)
Common Stock 23,847.02 (1)
I
Supplemental 401(k) Savings Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy)   (2) 02/03/2017 Common Stock 25,363 $ 5.7343 D  
Stock Options (Right to Buy)   (3) 02/07/2018 Common Stock 39,297 $ 6.4228 D  
Stock Options (Right to Buy)   (4) 01/27/2021 Common Stock 30,000 $ 5.243 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Thome Paul F
300 CONTINENTAL DRIVE
NEWARK, DE 19713		       EVP & Chief Admin Officer  

Signatures

/s/ Nicolas Jafarieh (POA) for Paul F. Thome 03/01/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The information in this report is based on a plan statement dated as of February 25, 2016.
(2) One-third of these options became exercisable on February 3, 2013. The next one-third of these options became exercisable on February 3, 2014. The remaining one-third of these options became exercisable on February 3, 2015.
(3) One-third of these options became exercisable on February 7, 2014. The next one-third of these options became exercisable on February 7, 2015. The remaining one-third of these options became exercisable on February 7, 2016.
(4) One-third of these options became exercisable on January 27, 2012. The next one-third of these options became exercisable on January 27, 2013. The remaining one-third of these options became exercisable on January 27, 2014.

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