Form 424b3

SLM Corporation

Medium Term Notes, Series B

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With Maturities of 9 Months or More from Date of Issue

 

Registration No. 333-107132         
Filed Pursuant to Rule 424(b)(3)         
Pricing Supplement No. 579       Trade Date:    10/30/2006
(To Prospectus dated January 5, 2005 and       Issue Date:    11/2/2006
Prospectus Supplement dated January 5, 2005)         
The date of this Pricing Supplement is    10/30/2006      

 

                    Interest Payment       Subject to Redemption            
CUSIP   Stated
Interest Rate Per 1
Annum
  Maturity
Date
  Price to
Public
2 3
  Discounts &
Commissions
  Frequency   First
Payment
  Survivor’s
Option
  Yes/No  

Date and terms of
redemption

  Aggregate
Principal
Amount
  Net
Proceeds
  OID
Status
78490FA82   6.100%   12/15/2031   100%   2.500%   Monthly   12/15/06   No   Yes   Callable at 100% on 12/15/2011 and Continuous thereafter with 10 NY business days notice.   8,932,000   8,708,700.00   N

As of September 12, 2005 ABN AMRO Financial Services, Inc. changed its name to LaSalle Financial Services, Inc. Consequently, all references to “ABN AMRO Financial Services, Inc.” in the prospectus are amended to read “LaSalle Financial Services, Inc.”.

Effective June 30, 2005, Bear, Stearns & Co. Inc. was added as a selling agent under the SLM EdNotes program.

 

1 The interest rates on the EdNotes may be changed by SLM Corporation from time to time, but any such change will not affect the interest rate on any EdNotes offered prior to the effective date of the change.
2 Expressed as a percentage of aggregate principal amount.
3 See “Supplemental Plan of Distribution” in the Prospectus supplement for additional information concerning price to public and underwriting compensation.