Salie Mae CFO Jack Remondi argues the health-care bill will cause thousands of job losses throughout the student loan industry.
What is free?
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National journal
"Students and schools should be able to have a choice" among lenders, said Jack Remondi, Sallie Mae's vice chairman and chief financial officer. ...
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Hoover's Masterlist of U.S. Companies 2004
I SUM CORPORATION NYSE: SUM 11600 Sallie Mae Dr. Reston,VA 20193 ... iemae.com CEO: Albert L. Lord CFO:John F.(Jack) Remondi HR: Jon i J.Reich FYE: December ...
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Employment and training reporter
Sallie Mae, the largest student lending company in the nation, projects that it will need to raise ... according to Chief Financial Officer Jack Remondi. ...
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Parents, start thinking about saving for your children’s college tuition as soon as they are born. You definitely don’t want to fall into the hands of SALLIE MAE.
The cost of a college education is rising faster than the cost of medical care and as much as three times as fast as consumer prices in general according to a recent story on MSNBC. Take a second (maybe a minute) to think about that. But that’s just the beginning of the price of admission.
First there was the Real Estate Crisis, then there was the banking crisis, now here is the Student Loan Crisis that people aren’t (yet), talking about. Americans now owe more on their student loans than they do on their credit cards — a debt fast approaching (music please), TAH DAH!!!! $1 trillion!!!!!
Even though there are no jobs and the unemployment rate is far higher than the powers that be would have you believe. And the reward? Two-thirds of American college students will graduate with a monstrous sized debt on which the scam is, they’ll be paying back just the interest for 20 or 30 years without ever making a dent in the prinipal. For the class of 2009, the average debt was $24,000. But in more instances than not, with no job, or by having to take a menial job just to get by, the student will have to quickly go into forebearance and the interest will accumulate to 35,000, 50,000 and more.