Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LORD ALBERT L
   2. Issuer Name and Ticker or Trading Symbol
SLM CORP [SLM] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last)
(First)
(Middle)
12061 BLUEMONT WAY		 3. Date of Earliest Transaction (Month/Day/Year)
12/14/2007
(Street)

RESTON, VA 20190		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/14/2007   S   100 D $ 27.459 739,665 D  
Common Stock 12/14/2007   S   14,800 D $ 27.46 724,865 D  
Common Stock 12/14/2007   S   300 D $ 27.465 724,565 D  
Common Stock 12/14/2007   S   8,600 D $ 27.47 715,965 D  
Common Stock 12/14/2007   S   2,000 D $ 27.475 713,965 D  
Common Stock 12/14/2007   S   100 D $ 27.479 713,865 D  
Common Stock 12/14/2007   S   7,900 D $ 27.48 705,965 D  
Common Stock 12/14/2007   S   3,700 D $ 27.485 702,265 D  
Common Stock 12/14/2007   S   18,000 D $ 27.49 684,265 D  
Common Stock 12/14/2007   S   10,800 D $ 27.495 673,465 D  
Common Stock 12/14/2007   S   80,100 D $ 27.5 593,365 D  
Common Stock 12/14/2007   S   500 D $ 27.505 592,865 D  
Common Stock 12/14/2007   S   100 D $ 27.509 592,765 D  
Common Stock 12/14/2007   S   17,400 D $ 27.51 575,365 D  
Common Stock 12/14/2007   S   7,700 D $ 27.515 567,665 D  
Common Stock 12/14/2007   S   100 D $ 27.519 567,565 D  
Common Stock 12/14/2007   S   28,800 D $ 27.52 538,765 D  
Common Stock 12/14/2007   S   700 D $ 27.525 538,065 D  
Common Stock 12/14/2007   S   20,400 D $ 27.53 517,665 D  
Common Stock 12/14/2007   S   100 D $ 27.533 517,565 D  
Common Stock 12/14/2007   S   600 D $ 27.535 516,965 D  
Common Stock 12/14/2007   S   12,000 D $ 27.54 504,965 D  
Common Stock 12/14/2007   S   3,500 D $ 27.545 501,465 D  
Common Stock 12/14/2007   S   100 D $ 27.548 501,365 D  
Common Stock 12/14/2007   S   100 D $ 27.549 501,265 D  
Common Stock 12/14/2007   S   60,500 D $ 27.55 440,765 D  
Common Stock 12/14/2007   S   8,000 D $ 27.555 432,765 D  
Common Stock 12/14/2007   S   400 D $ 27.558 432,365 D  
Common Stock 12/14/2007   S   300 D $ 27.559 432,065 D  
Common Stock               2,100 I By Immediate Family

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LORD ALBERT L
12061 BLUEMONT WAY
RESTON, VA 20190		   X     Chairman & CEO  

Signatures

 By: Mary F. Eure (POA)   12/18/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
This is form 7 of 10 for reporting Mr. Lord's transactions from December 14, 2007.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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