Tuesday, April 27, 2010

The Sallie Mae Fund, Sallie Mae Celebrate Financial Literacy Day on Capitol Hill with Resources That Help Families Save, Plan and Pay for College

(BUSINESS WIRE)--Sallie Mae, the nation’s leading saving, planning, and paying for college company, will join the Jump$tart Coalition for Personal Financial Literacy, JA Worldwide and the Council for Economic Education in celebrating Financial Literacy Day on Capitol Hill tomorrow, April 27. The event concludes a month-long education campaign encouraging effective money management among young people around the country. The Sallie Mae Fund will provide members of Congress, their staff, and other attendees with its recently updated “Mission: Possible!” toolkit.

Through a special U.S. Senate resolution introduced by Senator Daniel Akaka (D-HI), April was again declared national Financial Literacy Month. Senator Akaka, along with Senator Mike Enzi (R-WY), will be on hand to commemorate the occasion and better understand how Sallie Mae and more than 60 other representatives from the national personal finance education community, including federal agencies, not-for-profit organizations and corporations, promote financial literacy to consumers of all ages.

The “Mission: Possible!” toolkit is a free, 25-page step-by-step guide that helps families save, plan and pay for college. It provides students and families with college prep timelines for middle school and high school, a breakdown of higher education options, information on the admissions and financial aid processes, an overview of college costs and financial aid, and a glossary of terms. The toolkit is handed out at The Sallie Mae Fund’s free “Saving, Planning and Paying for College” seminars, and can be downloaded online at www.SallieMaeFund.org.

“By learning financial literacy fundamentals now, aspiring college students lay the foundation for successful money management in the future,” says Erin Korsvall, director of community relations, Sallie Mae. “Mission: Possible!, along with other free resources, empower families to make wise decisions about saving, planning and paying for college.”

The Sallie Mae Fund is a nonprofit foundation sponsored by Sallie Mae that increases access to higher education and supports communities where Sallie Mae employees live and work. Since 2001, The Fund has contributed more than $123 million to address key barriers to college access and support the community.

Sallie Mae is committed to promoting financial literacy and smart money management. Through a range of saving for college programs, free planning tools, interest-free tuition payment plans and responsible student loans, the company helps families make the investment in college wisely. For example, Sallie Mae’s Smart Option Student Loan, which features interest-only payments while in school, helps customers graduate with less student loan debt and pay off faster after graduation.

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