Sallie Mae 2014 Annual Report Download - page 30

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Item 2. Properties
The following table lists the principal facilities owned by us as of December 31, 2014:
Location
Function
Related Business Area(s)
Approximate
Square Feet
Newark, DE ............
Headquarters
Consumer Lending; Business Services; FFELP Loans; Other
160,000
Indianapolis, IN .......
Loan Servicing Center
Business Services
50,000
The following table lists the principal facilities leased by us as of December 31, 2014:
Location
Function
Related Business Area(s)
Approximate
Square Feet
Reston, VA ..............
Administrative Offices
Consumer Lending; Business Services; FFELP Loans; Other
18,000
Newton, MA ...........
Administrative Offices
Business Services and Upromise by Sallie Mae
18,000
Salt Lake City, UT ...
Sallie Mae Bank
Consumer Lending
11,400
None of the facilities that we own is encumbered by a mortgage. We believe that our headquarters, loan servicing centers,
data center, back-up facility and data management and collection centers are generally adequate to meet our long-term lending
and business goals. Our headquarters are currently located in owned space at 300 Continental Drive, Newark, Delaware, 19713.
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