November 23, 2007
JPMorgan Chase Hires Laid-Off Nelnet Workers
Two months ago, the student-loan company Nelnet laid off 256 workers in Indianapolis, among other moves, as part of what the lending industry has said will be an across-the-board reduction in services and student benefits in response to deep cuts in federal subsidy rates on government-backed student loans.
This month JPMorgan Chase announced that it had hired about half of those former Nelnet workers, so it can expand its operations in private student loans, also based in Indianapolis.
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
-
The Chronicle Review
-
Government
-
Advice
