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. 615            Trade Date:     3/19/2007

(To Prospectus dated January 5, 2005 and

Prospectus Supplement dated January 5, 2005)

            Issue Date:     3/22/2007
The date of this Pricing Supplement is    3/19/2007

 

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        

78490GAV9

    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.		   2,646,000    2,579,850.00    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.