Wednesday, March 31, 2010

Sallie Mae Blames 2,500 Layoffs on Obama's Student Loan Overhaul

FOXNews.com - Sallie Mae Blames 2,500 Layoffs on Obama's Student Loan Overhaul

Powerhouse student loan provider Sallie Mae says layoffs are imminent as a result of President Obama's new student loan overhaul.

My Thoughts
Instead of working with the student loan industry to make it easier for them to loan money, Congress specifically the Democrats and the Obama administration decided to take over student loans in order to fund parts of it health care programs.

By doing this, student loan companies will now start laying off employees. Thanks, guys!

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