Academic Management Services (AMS) Names Michelle Dugas Account Manager for Loan Clients

SWANSEA, Mass., Aug. 12, 2004 – Academic Management Services Corp. (AMS), a leading FFELP lender and tuition payment plan provider, is pleased to announce that Michelle Dugas, of New Orleans, La., has been named account manager for its southern region.

Dugas will be responsible for developing and maintaining AMS business relationships with client schools in Louisiana, Mississippi, Alabama, and Arkansas.

“Setting the highest standards, and meeting those standards, is the principle Michelle works by,” said Judith L. Grassi, president of AMS. “Michelle will provide incomparable support to her client schools and their families, and we’re happy to have her as part of our southern team.”

Before joining AMS, Dugas was a scholarship officer for the Office of Student Aid and Scholarship at Louisiana State University. She has an MBA from Nicholls State University and a B.S. from Louisiana State University.

Academic Management Services Corp. (AMS), headquartered in Swansea, Mass., markets, originates, funds and services primarily federally guaranteed student loans and is a leading provider of student tuition installment plans. AMS seeks to provide solutions for college and graduate school students, their parents and the educational institutions they attend.

SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the nation’s leading provider of education funding, managing nearly $89 billion in student loans for more than 7 million borrowers. The company primarily provides federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP), and offers comprehensive information and resources to guide students, parents and guidance professionals through the financial aid process. Sallie Mae was established in 1973 as a government-sponsored enterprise (GSE) called the Student Loan Marketing Association, and began the privatization process in 1997. Since then, the parent company name has changed, most recently to SLM Corporation. Through its specialized subsidiaries and divisions, Sallie Mae also provides an array of consumer credit loans, including those for lifelong learning and K-12 education, and business and technical products and services for colleges and universities. More information is available at http://www.salliemae.com. SLM Corporation and its subsidiaries, other than the Student Loan Marketing Association, are not sponsored by or agencies of the United States.