Source: CNNMoney.comThe company said 69 of the positions will be at Student Loan Corp., and 22 are jobs at Citibank N.A. that directly support Student Loan Corp.
Most of the positions will be eliminated this month, the company added.
"This action is necessary to reduce expenses and drive efficiencies amid higher funding costs resulting from continued disruption in the capital markets," the company said.
Friday, December 5, 2008
Job Cuts at Student Loan
In a sign of troubled times for the student loan industry, Student Loan Corp. announced it will lower expenses by restructuring and cutting 91 jobs:
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