Delaware-based Sallie Mae (Nasdaq: SLM) is again growing its Indianapolis footprint. The company, which announced a nearly $16 million expansion mid-last year, says it will invest nearly $12 million and add 350 jobs within three years. The newest job commitment, the student loan provider says, will be "over and above" the nearly 280 it pledged last year. In an agreement published by the Indiana Economic Development Corp., Sallie Mae says the new customer service and information technology positions are expected to pay an average wage of more than $11.50 per hour.

The company's current headcount at its Woodfield Crossing location is more than 400. The investment will cover infrastructure and expansion of the current facilities. Sallie Mae's northeast Indianapolis facility is three floors and 76,000 square-feet.

Senior Vice President of Corporate Marketing Martha Holler told Inside INdiana Business "we're proud to continue to invest in Indiana and the local workforce. We've invested millions of dollars in information technology and service as we build a first-rate customer experience, and the talent pool in Indianapolis is an asset to our growing business."

The IEDC could chip in as much as $3.93 million in conditional tax incentives toward the proposed expansion.