On April 11, 2022, Frank C. Puleo, a director of SLM Corporation notified the Company that he will not stand for re-election to the Company's Board of Directors at the Company's next annual meeting of stockholders to be held on June 21, 2022. Mr. Puleo will continue to serve as a director until such meeting. His decision not to stand for re-election to the Board is solely for personal reasons and time considerations, and is not the result of any disagreement with the Company's operations, policies or procedures, or any disagreements in respect of accounting principles or financial statement disclosures.