FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person * LORD ALBERT L   2. Issuer Name and Ticker or Trading Symbol SLM CORP [SLM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman & CEO (Last) (First) (Middle) 12061 BLUEMONT WAY 3. Date of Earliest Transaction (Month/Day/Year) 12/14/2007 (Street) RESTON, VA 20190 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/14/2007   S   5,400 D $ 27.23 942,169 D   Common Stock 12/14/2007   S   100 D $ 27.235 942,069 D   Common Stock 12/14/2007   S   100 D $ 27.307 850,670 D   Common Stock 12/14/2007   S   100 D $ 27.309 850,570 D   Common Stock 12/14/2007   S   6,800 D $ 27.31 843,770 D   Common Stock 12/14/2007   S   100 D $ 27.32 843,670 D   Common Stock 12/14/2007   S   9,800 D $ 27.33 833,870 D   Common Stock 12/14/2007   S   1,700 D $ 27.34 832,170 D   Common Stock 12/14/2007   S   100 D $ 27.345 832,070 D   Common Stock               2,100 I By Immediate Family Common Stock 12/14/2007   S   100 D $ 27.239 941,969 D   Common Stock 12/14/2007   S   5,300 D $ 27.24 936,669 D   Common Stock 12/14/2007   S   1,100 D $ 27.245 935,569 D   Common Stock 12/14/2007   S   20,899 D $ 27.25 914,670 D   Common Stock 12/14/2007   S   300 D $ 27.255 914,370 D   Common Stock 12/14/2007   S   200 D $ 27.258 914,170 D   Common Stock 12/14/2007   S   200 D $ 27.259 913,970 D   Common Stock 12/14/2007   S   6,700 D $ 27.26 907,270 D   Common Stock 12/14/2007   S   1,900 D $ 27.265 905,370 D   Common Stock 12/14/2007   S   38,900 D $ 27.27 866,470 D   Common Stock 12/14/2007   S   300 D $ 27.275 866,170 D   Common Stock 12/14/2007   S   100 D $ 27.279 866,070 D   Common Stock 12/14/2007   S   2,700 D $ 27.28 863,370 D   Common Stock 12/14/2007   S   700 D $ 27.285 862,670 D   Common Stock 12/14/2007   S   200 D $ 27.289 862,470 D   Common Stock 12/14/2007   S   4,400 D $ 27.29 858,070 D   Common Stock 12/14/2007   S   800 D $ 27.295 857,270 D   Common Stock 12/14/2007   S   300 D $ 27.299 856,970 D   Common Stock 12/14/2007   S   4,900 D $ 27.3 852,070 D   Common Stock 12/14/2007   S   1,300 D $ 27.305 850,770 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LORD ALBERT L 12061 BLUEMONT WAY RESTON, VA 20190	X		Chairman & CEO

Signatures

By: Mary F. Eure (POA)		12/18/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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).
Remarks: This is form 5 of 10 for reporting Mr. Lord's transactions on December 14, 2007.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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