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24
Apr

New Federal Student Loan Law To Cost 2,500 jobs

Posted by Susan Mitchell (0) Comment

2500 jobs: the cost of the new federal student loan law cited Sallie Mae on Friday as it commented on the effect on the new law recently passed by the Obama Administration aimed to eliminate middlemen and cut down costs.

The nation’s largest student loan lender has told 1,200 staffers in service centers in Killeen, Texas, and Panama City, Fla., they will lose their jobs by year-end. The remaining cuts will follow in 2011, resulting in nearly a third of the company’s total work force of 8,000 losing their jobs.
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Category : Loans News | Blog