Obligation NaviCorp 0% ( US78442FEF18 ) en USD

Société émettrice NaviCorp
Prix sur le marché 100 %  ⇌ 
Pays  Etas-Unis
Code ISIN  US78442FEF18 ( en USD )
Coupon 0%
Echéance 27/01/2014 - Obligation échue



Prospectus brochure de l'obligation Navient US78442FEF18 en USD 0%, échue


Montant Minimal 1 000 USD
Montant de l'émission 850 000 000 USD
Cusip 78442FEF1
Notation Standard & Poor's ( S&P ) NR
Notation Moody's NR
Description détaillée Navient est une société américaine de gestion de prêts étudiants et de services financiers aux consommateurs, issue de la scission de Sallie Mae en 2014.

L'Obligation émise par NaviCorp ( Etas-Unis ) , en USD, avec le code ISIN US78442FEF18, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 27/01/2014

L'Obligation émise par NaviCorp ( Etas-Unis ) , en USD, avec le code ISIN US78442FEF18, a été notée NR par l'agence de notation Moody's.

L'Obligation émise par NaviCorp ( Etas-Unis ) , en USD, avec le code ISIN US78442FEF18, a été notée NR par l'agence de notation Standard & Poor's ( S&P ).







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Pricing Supplement No. 7 dated January 8, 2007

Filed under Rule 424(b)(3)
(to Prospectus dated May 5, 2006

File No. 333-130584
and Prospectus Supplement dated May 5, 2006)


SLM Corporation
Medium Term Notes, Series A
Due 9 Months or Longer From the Date of Issue







Principal
$850,000,000
Floating Rate Notes: x
Fixed Rate
¨
Amount:




Notes:



Original
January 16,
Closing Date:
January 16,
CUSIP Number: 78442F EF 1
Issue Date:
2007

2007




Maturity
January 27,
Option to Extend
x No
Specified
U.S. Dollars
Date:

2014


Currency:




Maturity:
¨ Yes











If Yes, Final




Maturity Date:



Redeemable at the option of the
x No
Redemption
Not Applicable.

Company:

Price:




¨ Yes
Redemption
Not Applicable.



Dates:


Repayment at the option of the Holder:
x No
Repayment
Not Applicable.


Price:




¨ Yes
Repayment
Not Applicable.



Dates:


Applicable to Floating Rate Notes




Only:




Floating Rate Index:




¨ CD Rate
Index Maturity: Three Months.
¨
Commercial Paper Rate



¨
CMT Rate
Spread:
Plus 30 basis points (0.30%).
¨
Federal Funds Rate



x LIBOR Telerate
Initial Interest
TBD.

Rate:

¨
LIBOR Reuters



¨ Prime Rate
Interest Rate
Quarterly.

Reset Period:

¨
91-Day Treasury Bill Rate









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Lead Managers


Goldman, Sachs & Co.

Banc of America Securities LLC
Morgan Stanley







Co-Managers


Deutsche Bank Securities
HSBC
Merrill Lynch & Co.

Wachovia Securities


January 8, 2007
CALCULATION OF REGISTRATION FEE





Title of Each Class

Maximum Aggregate

Amount of
of Securities Offered

Offering Price

Registration Fee
Floating Rate (LIBOR-Telerate)
$850,000,000
$90,950.00
Medium Term Notes


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Reset Date(s):
Each January 25th, April 25th, July 25th and
October 25th during the term of the Notes, subject to
adjustment in accordance with the following

business day convention, beginning April 25, 2007.

Interest Determination
2 London and New York Business Days prior to the
Date(s):
related Reset Date (or Original Issue Date in the

case of the first Interest Period).


Lock-in Period Start
Not Applicable.
Date:



Maximum Interest
Not Applicable.
Rate:



Interest Payment Date
Each January 25th, April 25th, July 25th and October
(s):
25th during the term of the Notes, subject to
adjustment in accordance with the following

business day convention, beginning April 25, 2007.

Interest Period(s):
From and including the previous Interest Payment
Date (or Original Issue Date, in the case of the first
Interest Period) to but excluding the current Interest
Payment Date (or Maturity Date, in the case of the

last Interest Period).


Accrual Method:

Actual/360.


Minimum Interest
Not Applicable.
Rate:



Form:

Book-entry.







Denominations:
$1,000 minimum and integral multiples of $1,000 in

excess thereof.





Trustee:
The Bank of New York, as successor trustee by
virtue of a transfer of all or substantially all of the
corporate trust business assets of JPMorgan Chase
Bank, National Association, formerly known as
JPMorgan Chase Bank and The Chase Manhattan

Bank.







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Agents:
The following agents are acting as underwriters in

connection with this issuance.




Agents

Principal Amount of Notes








Goldman, Sachs & Co.

$
240,833,333.34


Banc of America Securities LLC


240,833,333.33


Morgan Stanley & Co. Incorporated


240,833,333.33


Deutsche Bank Securities Inc.


31,875,000.00


HSBC Securities (USA) Inc.


31,875,000.00
Merrill Lynch, Pierce, Fenner & Smith


Incorporated


31,875,000.00


Wachovia Capital Markets, LLC


31,875,000.00







Total

$
850,000,000.00
Issue Price:

100.0%.




Agents' Commission:
0.250%.


Net Proceeds:

$847,875,000.


Concession:

0.100%.


Reallowance:

0.050%.


CUSIP Number:

78442F EF 1.


ISIN Number:

US78442FEF18.


Obligations of SLM Corporation and any subsidiary of SLM Corporation are not guaranteed by the full
faith and credit of the United States of America. Neither SLM Corporation nor any subsidiary
of SLM Corporation is a government-sponsored enterprise or an instrumentality
of the United States of America.

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