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Montana student loan nonprofit Student Assistance Foundation loses contract, to cut jobs

February 25, 2014 /

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A nonprofit company that services federal student loans plans to cut 10 to 15 jobs in Helena after losing a contract under the recent federal budget deal.

Student Assistance Foundation http://www.safmt.org/ spokeswoman Carolyn Bright tells the Independent Record SAF must also make some other cost and benefit reductions. Bright says early retirement options have been offered to about 30 employees.

SAF and its for-profit subsidiary Tru Student Inc. had been gearing up to service federal loans for several years.

Full Story: http://ravallirepublic.com/news/state-and-regional/article_a1e80454-4c01-5b6b-9003-48e02162d0df.html

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