Every policy has consequences. Will President Obama and congressional leaders acknowledge that the student loan “reform” that pushes out private lenders from the loan market is a job killer? (emphasis is mine)
Powerhouse student loan provider Sallie Mae says layoffs are imminent as a result of President Obama’s new student loan overhaul.
“This legislation will force Sallie Mae to reduce our 8,600-person workforce by 2,500,” Conwey Casillas, Vice President of Sallie Mae Public Affairs, said in a statement to Fox News.
When will these folks join the unemployment lines? (emphasis is mine)
Sallie Mae hasn’t said exactly when jobs will start getting slashed, but the cuts “will start soon,” Casillas said.
