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. 21 (To Prospectus dated January 23, 2003 and Prospectus Supplement dated January 23, 2003) |
Trade Date: 3/3/03 Issue Date: 3/6/03 |
The date of this Pricing Supplement is 3/3/03
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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 Pincipal Amount |
Net Proceeds |
OID Status |
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78490FAW9 | **Step | 3/15/13 | 100 | % | 1.250 | % | Semi | 09/15/03 | Yes | Yes | Callable at 100% on 3/15/2006 and continuously thereafter with 5 days notice. | 520,000 | 513,500.00 | N |
** 4.00% until 3/15/06, steps to 5.00% thereafter, payable begining 9/15/06