Sallie Mae
Headquarters:
12061 Bluemont Way
Reston, VA 20190
Employees: 11,000
CEO: C.E. Andrews
Stock Symbol: SLM
Website:
http://www.salliemae.com
Career Site
Sallie Mae is the nation's leading provider
of education funding and has helped millions of Americans achieve
their dream of a higher education. The company provides federal
and private student loans, including consolidation loans, for
undergraduate and graduate students and their parents.
In addition, Sallie Mae offers comprehensive
information and resources to assist students, parents and guidance
professionals with the financial aid process. Sallie Mae currently
owns or manages student loans for 10 million borrowers,
and administers more than $18 billion in college savings accounts
for 1 million customers through its Upromise subsidiary
In 2006, Sallie Mae reported revenues of
$9.1 billion and net income of $1.1 billion.
During 2006, the company purchased $34.4
billion in education loans.
Sallie Mae is also known as SLM Corporation.
History
Sallie Mae was originally created in 1972
as the Student Loan Marketing Corporation, a federal government-sponsored
entity. The company began privatizing its operations in 1997,
a process it completed at the end of 2004 when the
company terminated its ties to the federal government.
Benefits
Health and welfare programs
Health and dental care
Flexible spending accounts
Dependent care matching contribution
Disability benefits
Life and accidental death and dismemberment insurance
Retirement and savings programs
Employees' Stock Purchase Plan - 15% discount
401(k) Savings Plan - After one year of service, Sallie Mae will
match up to 6% of your contribution. Upon hire, Sallie Mae contributes
2% of your eligible pay to the 401(k) plan. Your contributions
are 100% vested.
Work/life balance
Vacation and other time off - 8 holidays per year
Sick Leave - New full-time employees accrue up to 10 sick days
per year and may use up to 2 sick days as personal days.
Tuition assistance - Up to $5,250 for full-time employees
On-site services
Fitness center
Employee assistance program
Matching gift program
Scholarships
Adoption assistance plan
Discounted auto and homeowner's insurance
Discounted loans
Updated October 10, 2007
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