Delaware Business Blog

Sallie Mae opens new operations center in Newark, Delaware

Sallie Mae (NYSE: SLM), the nation’s leading saving- and paying-for-college company, and Delaware Governor Ruth Ann Minner today announced that Sallie Mae plans to open a new Credit Operations Center in the state that would add 1,100 jobs to Delaware’s workforce.

“The efforts of Governor Minner and the Delaware Economic Development Office made our decision to locate in Delaware an easy one,” said Albert L. (Al) Lord, chief executive officer, Sallie Mae. “This new facility streamlines and enhances our credit, collections, and compliance functions while placing us in a business-friendly state that is rich in financial services talent. I am confident that our move will help position our company for future growth and continued industry leadership.”

Sallie Mae expects to hire approximately 750 employees in Delaware for its new operations center by the end of 2010 and an additional 350 more employees in 2011. The new center will perform specialized credit management, collection, and compliance functions in support of the company’s education lending and servicing business. The new operations center will have a value-added impact of $173.7 million on Delaware’s economy in the first year, and $262 million annually when fully staffed. Additionally, Sallie Mae plans to invest an estimated $10 million for capital expenditures at the site at 300 Continental Drive, Newark, Del.

  • Sallie Mae Press Release
  • DEDO Press Release
  • 2 thoughts on “Sallie Mae opens new operations center in Newark, Delaware

    1. Karin Mae, Ed.D.

      I am interested in applying for a positin with Sallie Mae in the Newark, DE area. How would I go about doing so?

      Karin Mae, Ed.D.

      1. Russell Post author

        Hi Karin,

        Unless you contact their office and receive other instructions, you might just try to apply online.
        I found this information at Sallie Mae’s website:

        If you are not a Sallie Mae employee, please use the link below to search our external job openings, apply for a position, or create a search agent that will notify you when a position of interest becomes available in the future.

        * Career opportunities

        There’s an option to select State and Zip code, so it is likely going to direct you to positions near your location.

        Good Luck!

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