Faruqi & Faruqi Investigates SLM Corporation Amid Investor Losses

Faruqi & Faruqi, LLP is actively investigating potential claims on behalf of investors who suffered losses in SLM Corporation (NASDAQ: SLM). The firm has issued a reminder that the deadline to seek the role of lead plaintiff in a federal securities class action against SLM is February 17, 2026.

The firm’s Securities Litigation Partner James (Josh) Wilson encourages affected investors who purchased or acquired securities in SLM between July 25, 2025, and August 14, 2025, to reach out directly to discuss their legal rights. Investors can contact Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310).

Allegations of Misleading Statements

Faruqi & Faruqi is investigating claims that SLM Corporation and its executives violated federal securities laws by making false or misleading statements. The allegations suggest that the company failed to disclose key issues, including a significant increase in early-stage delinquencies, which has raised concerns about the effectiveness of SLM’s loss mitigation and loan modification programs.

The complaint asserts that these misstatements created a materially false impression regarding SLM’s business operations and prospects. Notably, on August 14, 2025, investment bank TD Cowen released a report indicating that overall delinquencies in July increased by 49 basis points month-over-month, which was significantly higher than the expected seasonal performance of 10 basis points.

These findings contradicted assurances from SLM’s executive, Graham, who stated that delinquency rates were following normal seasonal trends. Following the report, SLM’s share price dropped by $2.67, or 8.09%, closing at $30.32 per share on August 15, 2025.

Role of Lead Plaintiff and Further Actions

The role of lead plaintiff is critical in class action lawsuits; it involves representing the interests of the entire class of investors. The lead plaintiff is typically the investor with the largest financial interest in the relief sought, who is also adequate and typical of class members. Interested parties may move the court to serve as lead plaintiff through their counsel or remain as absent class members without impacting their ability to share in any recovery.

Faruqi & Faruqi also encourages anyone with information regarding SLM’s conduct, including whistleblowers, former employees, and shareholders, to contact the firm. For more information about the SLM Corporation class action, visit www.faruqilaw.com/SLM or connect with Josh Wilson directly.

Faruqi & Faruqi, LLP has a longstanding reputation as a leading national securities law firm, having recovered hundreds of millions of dollars for investors since its inception in 1995. The firm operates offices in New York, Pennsylvania, California, and Georgia.

For updates, follow Faruqi & Faruqi on LinkedIn, X, or Facebook. All communications will be treated confidentially.