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. 612            Trade Date:     3/12/2007

(To Prospectus dated January 5, 2005 and

Prospectus Supplement dated January 5, 2005)

            Issue Date:     3/15/2007
The date of this Pricing Supplement is    3/12/2007

 

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

         
78490GAS6    5.750%   06/15/2032    100%   2.500%   Monthly    04/15/07    No    Yes   

Callable at 100% on 6/15/2012

and Continuous thereafter with

10 NY business days notice.

    2,774,000    2,704,650.00    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.