November 9, 2007
Fallout From Subsidy Cuts? Workers Laid Off by a Federal-Loan Provider Find Jobs on the Private Side
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.
On Thursday, JPMorgan Chase announced it has hired about half of those former Nelnet workers, so it can expand its operations in private student loans, also based in
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