Sallie Mae 2010 Annual Report Download - page 96

Weighted Average Life
The following table reflects the weighted average life for our earning assets and liabilities at December 31,
2010.
(Averages in Years)
Weighted Average
Life
Earning assets
Student loans .................................................... 7.7
Other loans ...................................................... 6.2
Cash and investments .............................................. .1
Total earning assets ................................................ 7.3
Borrowings
Short-term borrowings .............................................. .3
Long-term borrowings .............................................. 7.2
Total borrowings .................................................. 6.0
Item 8. Financial Statements and Supplementary Data
Reference is made to the financial statements listed under the heading “(a) 1.A. Financial Statements” of
Item 15 hereof, which financial statements are incorporated by reference in response to this Item 8.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Nothing to report.
Item 9A. Controls and Procedures
Disclosure Controls and Procedures
Our management, with the participation of our Chief Executive Officer and Chief Financial Officer,
evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and
15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of December 31,
2010. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of
December 31, 2010, our disclosure controls and procedures were effective to ensure that information required
to be disclosed by us in the reports that we file or submit under the Exchange Act is (a) recorded, processed,
summarized and reported within the time periods specified in the SEC’s rules and forms and (b) accumulated
and communicated to our management, including our Chief Executive Officer and Chief Financial Officer as
appropriate, to allow timely decisions regarding required disclosure.
Changes in Internal Control over Financial Reporting
No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under
the Securities Exchange Act of 1934, as amended) occurred during the fiscal quarter ended December 31, 2010
that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Item 9B. Other Information
Nothing to report.
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