Sallie Mae approves LAH

FOR IMMEDIATE RELEASE

May 13, 2004

Long Beach, CA -

SLM Corporation (Sallie Mae) has concluded its review process and has awarded Los Angeles Helicopters (LAH) approval to provide its lending programs to the LAH student population.

"Students must be able to focus on their flight and ground training full-time in order to maintain a predictable completion date for their studies," said Guillaume Maillet, LAH's Chief Pilot. "Sallie Mae lending solutions enhance a student's learning experience by providing flexible lending options."

As part of a continual effort to provide comprehensive training solutions to its student population, LAH can now help compress the learning timeline by solving a student's financial need.

About SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the nation's leading provider of education funding, managing more than $92 billion in student loans for more than 7 million borrowers. The company primarily provides federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP), and offers comprehensive information and resources to guide students, parents and guidance professionals through the financial aid process. Sallie Mae was established in 1973 as a government-sponsored enterprise (GSE) called the Student Loan Marketing Association, and began the privatization process in 1997. Since then, the parent company name has changed, most recently to SLM Corporation. Through its specialized subsidiaries and divisions, Sallie Mae also provides an array of consumer credit loans, including those for lifelong learning and K-12 education, and business and technical products and services for colleges and universities. More information is available at http://www.salliemae.com. SLM Corporation and its subsidiaries, other than the Student Loan Marketing Association, are not sponsored by or agencies of the United States.

About Los Angeles Helicopters Los Angeles Helicopters (www.lahelicopters.com) (LAH) is a premier Southern California helicopter flight services facility which offers its customers career pathways to the professional helicopter industry. LAH is composed of highly experienced commercial pilots dedicated to providing exciting tour services, professional flight training and specialized flight operations.