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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 17, 1999
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SLM HOLDING CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 52-2013874
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
11600 SALLIE MAE DRIVE, RESTON, VIRGINIA 20193
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 810-3000
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ITEM 5. OTHER EVENTS.
On December 17, 1999, President Clinton signed the Ticket to Work
and Work Incentives Improvement Act. This act includes a provision that
changes the index on which lender returns are set in the Federal Family
Education Loan Program ("FFELP") from the current 91-day Treasury Bill rate
to a three-month commercial paper rate. The new index will apply to all loans
originated after January 1, 2000 and before July 1, 2003. The rates that
students pay on their FFELP loans are unaffected by the new index. The
Company and other FFELP industry participants supported this legislative
change.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
SLM HOLDING CORPORATION
(Registrant)
By: /s/ Mark G. Overend
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Mark G. Overend
SENIOR VICE PRESIDENT &
CHIEF FINANCIAL OFFICER
(Principal Financial and Accounting Officer
and Duly Authorized Officer)
January 4, 2000
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