The job loss chimera does tend to demonstrate how divorced certain Senators are from the actual lives of their constituents. The escalating student debt propagated by these corporations and their pets in congress has been and is incredibly detrimental to the working classes.
These populations usually attend the CC's and lower echelon Universities with the intent to improve their economic status. But the debts incurred via the educational lending system compared to their incomes too often a unsupportable burden. So these populations have too often been economically damned for doing exactly what our society asks them to do to improve their standing.
And this problem extends beyond the forever and amen debt itself. Which is itself resultant from the sweetheart regulations and associated debt laws provided to the educational lenders by their pets in Congress. In lower echelon jobs, it is not uncommon for general credit checks to be done on potential employees and gods help any potential employee who is in financial straits, especially from such as student debt and medical bills. Simply because it's the next desperate person whose managed to avoid those situations who will get the job. Employers simply do not want the problems of collection calls, garnishments and etc. This especially applies to trouble from the edudebt collections subsidiaries because they can do much, much more than average and typically abusive collection agency. And often do so with governmental complicity or via 'non profit' organizations which are little more than a veneer for these companies. So many CC and lower echelon university students who went to school to improve their condition are trapped because the laws so favor these lenders that there is literally no way out. And any pretense of 'service' by these companies can be washed away quite quickly. It is not unknown for schools using both private and subsidized loans to target the most economically vulnerable populations. Somehow that bears more than a slight resemblance to the moral decay of the company store, pawn shop, rent to own and etc...corporate Dickensian.
So the sickening irony here is that the toxic educational funding system that some in congress so wish to preserve has been a major element in undermining the ability of higher education to provide the first step towards stable employment for those in the lower social economic orders.
The preservation of 8,000 or 30,000 jobs which only exist because of this detrimental system does not counter for the adverse effects upon the millions who ended up being sold to corporate lenders. Nor can these jobs compensate for the negative effect of this system in wrecking the utility of higher education as the bootstrap of the working classes.