Ascensus, Sallie Mae Report Deal for Upromise Investments, Deal to Add $0.14/Share to SLM's Q4 Earnings

Ascensus, the nation's largest independent retirement plan services provider, and Sallie Mae (NASDAQ: SLM ), today announced they have entered into a definitive agreement for Ascensus to acquire Sallie Mae's 529 college savings plan administrator, Upromise Investments, pending regulatory approval. “This acquisition expands our recordkeeping footprint into the college savings arena. The addition of Upromise