424B3

SLM Corporation

Medium Term Notes, Series B

LOGO

With Maturities of 9 Months or More from Date of Issue

 

Registration No. 333-107132      
Filed Pursuant to Rule 424(b)(3)      
Pricing Supplement No. 571       Trade Date: 10/2/2006

(To Prospectus dated January 5, 2005 and

Prospectus Supplement dated January 5, 2005)

       Issue Date:  10/5/2006
The date of this Pricing Supplement is    10/2/2006   

 

CUSIP

   

Stated

Interest Rate Per 1
Annum

   

Maturity
Date

   

Price to

Public 2 3

   

Discounts &

Commissions

   

Interest Payment

   

Survivor’s

Option

   

Subject to
Redemption

   

Aggregate

Principal
Amount

   

Net

Proceeds

   

OID

Status

              

Frequency

   

First
Payment

      

Yes/No

   

Date and
terms of
redemption

         
78490FZY8    5.850%    12/15/2031    100%    2.500%    Monthly    11/15/06    No    Yes    Callable at 100% on 12/15/2011 and Continuous thereafter with 10 NY business days notice.    1,799,000    1,754,025.00    N

As of September 12, 2005 ABN AMRO Financial Services, Inc. changed its name to LaSalle Financial Services, Inc. Consequently, all references to “ABN AMRO Financial Services, Inc.” in the prospectus are amended to read “LaSalle Financial Services, Inc.”.

Effective June 30, 2005, Bear, Stearns & Co. Inc. was added as a selling agent under the SLM EdNotes program.

 

1 The interest rates on the Ed Notes may be changed by SLM Corporation from time to time, but any such change will not affect the interest rate on any Ed Notes offered prior to the effective date of the change.
2 Expressed as a percentage of aggregate principal amount.
3 See “Supplemental Plan of Distribution” in the Prospectus supplement for additional information concerning price to public and underwriting compensation.