SLM Corporation

Medium Term Notes, Series B

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. 580				Trade Date:		11/6/2006
(To Prospectus dated January 5, 2005 and Prospectus Supplement dated January 5, 2005)				Issue Date:		11/9/2006
The date of this Pricing Supplement is		11/6/2006

 

CUSIP

Stated Interest Rate Per 1 Annum

Maturity Date

Price to Public 2 3

Discounts & Commissions

Interest Payment

Survivor’s Option

Yes/No

Subject to Redemption

Net Proceeds

OID Status

Frequency

First Payment

Date and terms of redemption

Aggregate Principal Amount

78490FA90

6.000%

12/15/2031

100%

2.500%

Semi

12/15/06

No

Yes

Callable at 100% on 12/15/2011 and Continuous thereafter with 10 NY business days notice.

3,462,000

3,375,450.00

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.