Sallie Mae Names New Debt Management Executive

FISHERS, IN - SLM Corporation, commonly known as Sallie Mae and the nation's leading provider of education funding, has named Robert Meck chief operating officer for the company's Debt Management Operations.

In this newly created position, Meck will oversee the operations of Sallie Mae's debt-management subsidiaries: Pioneer Credit Recovery, a national leader in the collection industry providing services on defaulted debt; General Revenue Corporation, the nation's largest university-focused collection agency; and the Student Assistance Corporation, which handles default aversion for USA Funds, the nation's leading education-loan guarantor. He will be based in Fishers, Ind., and will report to John F. (Jeff) Whorley, Jr., executive vice president, debt management, Sallie Mae.

Meck served at the former USA Group — today part of Sallie Mae — from 1990 to 1997, where he initially was responsible for leading sales and marketing efforts in the Eastern and Midwestern regions. He later was named senior vice president of delinquency and default prevention operations, with oversight of the default prevention, default collections, claim management and portfolio operations areas.

Most recently, Meck was managing vice president of the teleservices division for GC Services, LP, a Houston-based collection agency with 4,000 employees.

Meck holds a bachelor's degree from the University of Pittsburgh.

SLM Corporation, commonly known as Sallie Mae, is the nation's leading provider of education funding, managing more than $92 billion in student loans for more than 7 million borrowers. The company primarily provides federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP), and offers comprehensive information and resources to guide students, parents and guidance professionals through the financial aid process. Sallie Mae was established in 1973 as a government-sponsored enterprise (GSE) called the Student Loan Marketing Association, and began the privatization process in 1997. Since then, the parent company name has changed, most recently to SLM Corporation. Through its specialized subsidiaries and divisions, Sallie Mae also provides an array of consumer credit loans, including those for lifelong learning and K-12 education, and business and technical products and services for colleges and universities. More information is available at www.salliemae.com. SLM Corporation and its subsidiaries, other than the Student Loan Marketing Association, are not sponsored by or agencies of the United States.