Sallie Mae Signs Higher Education Pledge in Indiana

  Sallie Mae Signs Higher Education Pledge in Indiana

            Initiative Promotes the Value of an Educated Workforce

Business Wire

FISHERS/MUNCIE, Ind. -- April 18, 2013

Indiana’s leaders in higher education and business want to help more workers
in the state achieve college degrees. Sallie Mae, the nation’s No. 1 financial
services company specializing in education, today signed a pledge to support
the effort.

Supported by the Indiana Commission for Higher Education and led by WGU
Indiana, the pledge commits employers, and other Indiana colleges and
universities, to take action to increase degree attainment. The coalition
seeks to engage 100 leaders in the state to sign the pledge by Governor Mike
Pence’s 100th day in office.

“We are excited that Sallie Mae is a part of our campaign to increase
awareness of the importance of degree attainment,” said WGU Indiana Chancellor
Allison Barber. “In addition to signing the pledge, Sallie Mae is activating
their commitment by becoming WGU Indiana’s newest corporate partner. The new
partnership allows their employees to qualify for our tuition discount
program. The action behind their pledge is the catalyst for more adults to
attain their degrees and advance in their careers.”

As part of Sallie Mae’s comprehensive benefits program, the company provides
tuition reimbursement to employees for job-related courses taken in pursuit of
a degree or certificate program. Sallie Mae also encourages employees to save
regularly for future college expenses by offering payroll deductions for 529
Plans. Since Sallie Mae is enrolled in the WGU corporate discount program, its
employees benefit from reduced tuition rates at the university.

“For 40 years Sallie Mae has helped Americans turn education dreams into
reality, and we’re proud our commitment to education starts with our own
people,” said Jon Kroehler, senior vice president and head of Sallie Mae’s
Fishers center. “We invest about $1 million per year in tuition reimbursement
for our employees, and realize a significant return in a more skilled
workforce.”

WGU Indiana plans to deliver the signed pledges to Indiana Governor Mike Pence
on Tuesday, April 23, the Governor’s 100th day in office.

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 25million customers. With products and services that include
529 college savings plans, 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.

WGU Indiana is the state’s nonprofit, online university established by the
State of Indiana to expand access to higher education for Indiana residents.
Using a competency-based model that allows students to proceed at their own
pace and curriculum developed with input from leading employers, WGU Indiana
offers more than 50 undergraduate and graduate degree programs in Business,
Education, Information Technology and Healthcare Professions, including
Nursing. In 2012, the Indiana Commission for Higher Education recognized WGU
Indiana in its Reaching Higher, Achieving More agenda for its excellence in
academic quality. The university was also recognized as one of Fast Company’s
50 Most Innovative Companies of 2013.

Contact:

Sallie Mae:
Nikki Lavoie, 302-283-4057
Nikki.Lavoie@SallieMae.com
or
WGU:
Charlie Henry, 317-631-6400
charlie.henry@borshoff.biz
 
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