General Revenue Looking to Add Nearly 200; Holding Job Fair

HORSEHEADS, NY – General Revenue Corp. (GRC), one of the nation’s largest collection agencies and a Sallie Mae subsidiary, today announced that it will host a job fair Saturday, Feb. 12 at its Horseheads facility. GRC is seeking to fill 45 positions immediately and to hire an additional 150 people by the end of this year. In late 2004 GRC announced plans to open a new facility in Horseheads, a move made possible by a capital grant from Empire State Development and support from Governor Pataki. The Horseheads center will be Sallie Mae’s fourth collection operation in Western New York. Sallie Mae’s Pioneer Credit Recovery has operations in Arcade, Perry and Batavia.

GRC will hold on-site interviews in Horseheads of Feb. 12 from 10 a.m. to 6 p.m. at 325 Daniel Zenker Drive. Successful candidates will serve as recovery specialists responsible for performing collection activities and maintaining customer records. “This is an excellent opportunity for qualified, motivated candidates to apply for jobs at a growing company,” said Jennifer Adriance, human resources manager at GRC. “We encourage anyone who is interested in working for GRC to attend the job fair.”

Chemung County Executive Tom Santulli said he is pleased that GRC is moving quickly to staff its local operation. “This is a company with a commitment to grow and eventually be a major employer in the area.”

The available positions at GRC have strong earning potential and opportunities for advancement within a large, national company. The jobs require a high school degree, as well as telephone, sales or collection experience and excellent negotiation, communication and problem-solving skills. Positions earn competitive hourly wages, performance-based bonuses, and competitive benefits including health insurance, paid holidays and vacation, participation in a 401(k) and a stock purchase plan and stock options.

With more than 23 years specializing in the collection of delinquent debt, GRC has redefined the art of borrower consultation and negotiation and utilizes state-of-the-art technology to its fullest. More than 800 institutions across the United States entrust GRC with the responsibility of resolving their borrowers’ outstanding debt obligations. The company employs more than 750 people and specializes in the recovery of education-related receivables.

Founded in 1981, General Revenue Corporation (GRC) is the nation’s largest university-focused collection agency, performing collections for five guaranty agencies and more than 850 other clients, of which 730 are higher education institutions. Headquartered in Cincinnati, Ohio, GRC has offices in Indianapolis, Ind., and Las Vegas, Nev., and has more than 750 employees. The company was acquired by SLM Corporation, the nation’s leading provider of education funding and commonly known as Sallie Mae, in January 2002. SLM Corporation and its subsidiaries, other than the Student Loan Marketing Association, are not sponsored by or agencies of the United States.

SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the nation’s No. 1 paying-for-college company, managing more than $107 billion in student loans for more than 7 million borrowers. Sallie Mae was originally created in 1972 as a government-sponsored entity (GSE) and terminated all ties to the federal government in 2004. The company remains the country’s largest originator of federally insured student loans. Through its specialized subsidiaries and divisions, Sallie Mae also provides debt management services as well as business and technical products to a range of business clients, including colleges, universities and loan guarantors. 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.