News Sections
Indiana Senator Dismissing Job Loss Claims From Sallie Mae
Updated May 5, 2013 12:08 AM | Filed under: Network Indiana
 Print    Archive    RSS

(UNDATED) - A state senator is dismissing warnings the federal overhaul of student loans will cost jobs at loan giant Sallie Mae.

Folded into the health-care reform law were student loan provisions transforming the student loan program into direct federal lending, and eliminating Sallie Mae and other lenders.

Sallie Mae executives have predicted the company could have to cut about 2,500 of its 8,500 workers with the demise of its direct lending business.

An announcement could come as early as next week.

Democratic Sen. Greg Taylor notes Sallie Mae is one of four companies eligible to bid on the job of handling collections on federal loans.

« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to

Advertise with 1340 AM WBIW
Find more about Weather in Bedford, IN
Advertise with 1340 AM WBIW

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2018 Ad-Venture Media, Inc. All Rights Reserved. and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback  |  Public File