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Press release from Business Wire

Governor Corbett Joins Sallie Mae to Announce New Jobs in Pennsylvania

<p class='bwalignc'> <i>Sallie Mae Creates 200 New Jobs, Plans to Add 300 More Employees, The Sallie Mae Fund Contributes $113,000 to the United Way</i> </p>

Friday, December 06, 2013

Governor Corbett Joins Sallie Mae to Announce New Jobs in Pennsylvania

14:20 EST Friday, December 06, 2013

WILKES-BARRE, Pa. (Business Wire) -- Governor Tom Corbett joined Sallie Mae President and CEO John (Jack) F. Remondi today to announce the company is creating hundreds of new jobs in Luzerne County. Sallie Mae, the nation's No. 1 financial services company specializing in education, operates a loan servicing center in Wilkes-Barre.

Sallie Mae, the nation's No. 1 financial services company specializing in education, employs about 1 ...

Sallie Mae, the nation's No. 1 financial services company specializing in education, employs about 1,000 people at its loan servicing center in Wilkes-Barre. (Photo: Business Wire)

“Pennsylvania is open for business. We are actively working with companies like Sallie Mae to help them create family sustaining jobs throughout Pennsylvania, and I welcome Sallie Mae's continued investment in our commonwealth and its greatest asset - our people,” Corbett said.

Sallie Mae is investing more than $5 million at its 133,000-square-foot facility in the Hanover Industrial Park. The investment has already supported the growth of more than 200 jobs this year. The company plans to add about 300 more positions which will result in nearly 1,300 people working at the site by the end of 2015.

The Commonwealth of Pennsylvania awarded an incentive package to support the company's investment, totaling $2.2 million.

“Providing quality customer service to millions of American students and their families takes a talented, dedicated team of employees,” said Remondi. “We have found them here in Wilkes-Barre. We applaud the Governor for his efforts to help facilitate our expansion in Northeast Pennsylvania.”

Sallie Mae's Loan Servicing Center in Wilkes-Barre began operations in 1987 at the old Faith Shoe Factory with 21,000 square feet of space. At the end of its first year of operations, there were 48 employees at the center who serviced 53,000 accounts. Today, approximately 1,000 employees service millions of student loans, and process payments made to Sallie Mae by its customers throughout the country.

In addition, Sallie Mae employees generously donate their time and resources to the community. At the event today, company leaders announced a $113,000 donation to the 2013 United Way campaign. It was funded by $93,000 in employee donations and a $20,000 grant from The Sallie Mae Fund, the charitable organization sponsored by Sallie Mae. Since 2001, The Sallie Mae Fund has contributed more than $125 million to increase access to higher education and support local communities, including more than $8.7 million in Pennsylvania.

Sallie Mae is hiring positions in servicing, collections and management. Sallie Mae provides competitive compensation and a generous benefit package that includes health insurance, vacation, 401(k), stock options, disability insurance and more. For more information about jobs at Sallie Mae in Wilkes-Barre, visit jobs.salliemae.com.

Sallie Mae (NASDAQ: SLM) is the nation's No. 1 financial services company specializing in education. Celebrating 40 years of making a difference, Sallie Mae continues to turn education dreams into reality for American families, today serving 25 million customers. With products and services that include Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Journalists and members of the media may contact:
Sallie Mae
Nikki Lavoie, 302-283-4057
Nikki.Lavoie@SallieMae.com
or
Governor?s Office
Valerie Caras, 717-783-1116
or
Pa. Department of Community & Economic Development
Steve Kratz, 717-783-1132

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