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 * SCHOELLKOPF WOLFGANG   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 _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 300 CONTINENTAL DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 04/30/2014 (Street) NEWARK, DE 19713 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

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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

Stock Options (Right to Buy)

$ 18.1997 (1)

04/30/2014

J(1)

9,530

01/27/2010

01/27/2015

Common Stock

9,530

$ 0 (1)

9,530

D

Stock Options (Right to Buy)

$ 20.0178 (1)

04/30/2014

J(1)

9,530

01/26/2011

01/26/2016

Common Stock

9,530

$ 0 (1)

9,530

D

Stock Options (Right to Buy)

$ 16.2847 (1)

04/30/2014

J(1)

12,500

05/04/2007

01/25/2017

Common Stock

12,500

$ 0 (1)

12,500

D

Stock Options (Right to Buy)

$ 7.99 (1)

04/30/2014

J(1)

6,600

05/08/2013

05/08/2018

Common Stock

6,600

$ 0 (1)

6,600

D

Stock Options (Right to Buy)

$ 2.0692 (1)

04/30/2014

J(1)

26,000

06/12/2009

05/22/2019

Common Stock

26,000

$ 0 (1)

26,000

D

Stock Options (Right to Buy)

$ 3.6974 (1)

04/30/2014

J(1)

10,900

05/13/2010

01/28/2020

Common Stock

10,900

$ 0 (1)

10,900

D

Stock Options (Right to Buy)

$ 5.243 (1)

04/30/2014

J(1)

9,500

05/19/2011

01/27/2021

Common Stock

9,500

$ 0 (1)

9,500

D

Stock Options (Right to Buy)

$ 5.7343 (1)

04/30/2014

J(1)

13,994

05/24/2012

02/03/2017

Common Stock

13,994

$ 0 (1)

13,994

D

Stock Options (Right to Buy)

$ 6.4228 (1)

04/30/2014

J(1)

19,572

05/30/2013

02/07/2018

Common Stock

19,572

$ 0 (1)

19,572

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SCHOELLKOPF WOLFGANG 300 CONTINENTAL DRIVE NEWARK, DE 19713	X

Signatures

/s/ Laurent C. Lutz (POA) for Wolfgang Schoellkopf		05/02/2014
**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).
(1)	Reflects adjustments in the number of SLM Corporation (SLM) derivative securities held by the reporting person as a result of the spin-off of Navient Corporation (Navient) by SLM (the "Spin-Off") on April 30, 2014. The share amounts, exercise prices and other material terms (as applicable) of the foregoing SLM derivative securities were generally adjusted, so that taken together with new equity awards issued by Navient, the value of all awards of (a) SLM derivative securities held by the reporting person immediately prior to the Spin-Off is equal to (b) the aggregate value of all SLM and Navient equity awards held by the reporting person immediately following the Spin-Off.

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