Rep. Allen Boyd, Local Officials Visit Sallie Mae Employees to Discuss Protecting Jobs and Valuable Services for Students

November 11, 2009 1:30 PM EST

Rep. Boyd Pledges to Continue Fighting for Student Loan Reform Legislation that Keeps Jobs in Florida

LYNN HAVEN, Fla.--(BUSINESS WIRE)-- Representative Allen Boyd (D-FL) along with local officials visited Sallie Mae's Panama City facility to discuss student loan reform legislation that could impact hundreds of jobs in Panama City. In his fight for jobs and competition and choice for students, Representative Boyd voted against legislation requiring all loans to be delivered by the federal government. The legislation jeopardizes 700 Sallie Mae jobs in Bay County and stifles related economic development in the state.

"Sallie Mae is one of our most vibrant and reliable employers in North Florida," said Congressman Boyd. "I will continue working to protect these valuable jobs and preserving the current student lending infrastructure that has served our students and schools well for years."

With legislation now under consideration in the U.S. Senate, Rep. Boyd is working with local officials and thousands of state residents to call on Florida's Senators to support a viable alternative which would accomplish the President's goals of making college more affordable, produce $87 billion in mandatory budget savings and preserve quality local jobs and valuable services for students. Last month, Sallie Mae employees in Florida delivered a community-led petition with more than 23,000 signatures from concerned citizens urging Congress to support the alternative.

"Congressman Boyd's efforts have been nothing short of heroic for the employees here at Sallie Mae, and for college students who value choice and competitive services like the ones we provide," said Renee Mang, senior vice president at Sallie Mae. "We are grateful that he supports a solution that protects good, family-supporting jobs like these--jobs that add over $40 million a year to our local economy and support countless community businesses and organizations."

For more information on the "Protect Florida Jobs" petition campaign or to learn more about alternative proposals to make college more affordable, please visit www.ProtectFloridaJobs.com.

SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the nation's leading provider of saving, planning and paying for education programs. Through its subsidiaries, the company manages $192 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages more than $21 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 11 million members and more than $500 million in member rewards. Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies. More information is available at www.salliemae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

    Source: Sallie Mae

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