SLM Investors Face Feb. 17 Deadline to Seek Lead Role in Securities Fraud Suit

The complaint alleges Sallie Mae downplayed a jump in early-stage delinquencies highlighted by a TD Cowen report.

Overview

Multiple investor law firms, including Berger Montague, Rosen, Levi & Korsinsky, The Gross Law Firm, Kirby McInerney, and Faruqi & Faruqi, are recruiting shareholders for the lead-plaintiff process.
The suit covers investors who bought SLM securities between July 25, 2025 and August 14, 2025 and was filed in the U.S. District Court for the District of New Jersey.
Plaintiffs allege SLM concealed a significant rise in early-stage delinquencies and overstated the effectiveness of its loss-mitigation and loan modification programs.
TD Cowen reported on August 14, 2025 that July delinquencies rose 49 basis points month over month, driven by a 45 basis point increase in early-stage delinquencies, which plaintiffs say contradicted prior assurances of normal seasonal trends.
SLM shares fell about $2.67, or roughly 8.1%, to close at $30.32 on August 15, 2025, and no class has been certified to date.