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OMB
APPROVAL
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OMB
Number: 3235-0145
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Expires: February
28, 2009
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Estimated
average burden
Hours
per response .…… 10.4
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*
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The
remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover
page.
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CUSIP No. 78442P106
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1.
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NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Barrow,
Hanley, Mewhinney & Strauss, Inc.
752403190
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2.
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ¨
(b) ¨
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3.
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SEC
USE ONLY
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4.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
A
Nevada corporation
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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5. SOLE
VOTING POWER
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6. SHARED
VOTING POWER
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7. SOLE
DISPOSITIVE POWER
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8. SHARED
DISPOSITIVE POWER
—
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9.
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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10.
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
Instructions)
¨
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11.
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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12.
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TYPE
OF REPORTING PERSON (See Instructions)
IA
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SCHEDULE 13G
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Item
1(a)
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Name of Issuer: SLM
Corporation
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1(b)
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Address
of Issuer’s Principal Executive Offices:
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Item
2(a)
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Name
of Person Filing:
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Barrow,
Hanley, Mewhinney & Strauss, Inc.
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2(b)
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Address
of Principal Business Office or, if none, Residence:
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2200
Ross Avenue, 31st Floor
Dallas,
TX 75201-2761
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2(c)
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Citizenship:
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A
Nevada corporation
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2(d)
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Title
of Class of Securities
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Common
Stock
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2(e)
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CUSIP
Number: 78442P106
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Item 3
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If
this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or
(c), check whether the person filing is a:
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(a)
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¨
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Broker
or dealer registered under section 15 of the Act (15 U.S.C.
78o).
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(b)
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¨
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Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
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(c)
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¨
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Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
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(d)
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¨
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Investment
company registered under section 8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8).
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(e)
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þ
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An
investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E);
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(f)
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¨
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An
employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F);
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(g)
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¨
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A
parent holding company or control person in accordance with
§240.13d-1(b)(ii)(G):
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(h)
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¨
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A
savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813):
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(i)
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¨
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A
church plan that is excluded from the definition of an investment company
under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
80a-3);
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(j)
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Group,
in a accordance with §240.13d-1(b)(1)(ii)(J).
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Item 4
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Ownership:
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4(a)
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Amount beneficially
owned: 40,913,600
shares
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4(b)
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Percent of
Class: 8.01%
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4(c)
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Number
of shares as to which person has:
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(i)
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Sole power to vote or to direct
the vote: 12,886,230
shares
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(ii)
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Shared power to vote or to direct
the vote: 28,027,370
shares
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(iii)
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Sole power to dispose or to
direct the disposition of: 40,913,600
shares
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(iv)
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Shared
power to dispose or to direct the disposition
of: —
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Item
5
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Ownership
of Five Percent or Less of a Class:
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Not
Applicable.
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Item
6
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Ownership
of More than Five Percent on Behalf of Another Person:
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The
right to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the common stock is held by certain clients
of the reporting person, none of which has such right or power with
respect to five percent or more of the common stock.
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Item
7
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Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company:
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Not
Applicable.
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Item
8
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Identification
and Classification of Members of the Group:
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Not
Applicable.
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Item
9
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Notice
of Dissolution of Group:
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Not
Applicable.
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Item
10
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Certification:
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By
signing below the undersigned certifies that, to the best of its knowledge
and belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect.
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BARROW,
HANLEY, MEWHINNEY & STRAUSS, INC.
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By:
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/s/
James P. Barrow
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Name: James
P. Barrow
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Title: President
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