Feb. 17 Lead‑Plaintiff Deadline Set in SLM Securities Class Action

Overview

• A class action has been filed in the U.S. District Court for the District of New Jersey, docketed as 25‑cv‑18834, covering investors who bought SLM securities from July 25 to August 14, 2025.
• Investors have until February 17, 2026 to seek appointment as lead plaintiff, and multiple law firms have issued notices while no class has been certified.
• The complaints allege SLM concealed a rise in early‑stage private education loan delinquencies and overstated the effectiveness of loss‑mitigation and loan‑modification programs.
• Filings reference an August 14, 2025 TD Cowen note reporting July delinquencies up 49 bps month‑over‑month driven by a 45 bps increase in early‑stage delinquencies, contrasting with management’s July assurances about normal seasonality.
• Plaintiffs point to SLM’s approximately 8% share price decline on August 15, 2025, a $2.67 drop to $30.32, as evidence of investor losses.