Sallie Mae Complains That Direct Government Loans Will Increase Efficiency

That is the implication of its complaint that getting private financial companies out of the government insured student loan business will cause it to shed 2,500 jobs. Since the government is not hiring new employees to deal with the extra business, the implication is that these people were unnecessary paper pushers. This move by the government is freeing up resources to be used more efficiently elsewhere.

--Dean Baker

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