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Pay Transparency Policy

Sallie Mae is proud to be an equal opportunity (EEO) employer and federal contractor. We are responsible for abiding by all equal opportunity laws and regulations. Under these laws, we must provide applicants and employees with certain policies, including the following information:

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c).

In the above statement, the word "contractor" refers to Sallie Mae. "Compensation information" refers to information related to the amount and type of pay provided to employees or offered applicants.

Access to compensation information is considered an essential job function of an employee’s job if: (1) access to compensation information is necessary to perform that function or another routinely assigned business task, or (2) the function or duties of the position include protecting and maintaining the privacy of employee personnel records, including compensation information.

Nothing in this statement prevents Sallie Mae from disciplining, terminating, or otherwise taking adverse action against an applicant or employee because they have violated another workplace rule. Sallie Mae fully supports the above pay transparency nondiscrimination statement.