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Student loan nonprofit loses contract, to cut jobs

By Washington Examiner
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HELENA, Mont. (AP) — 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 spokeswoman Carolyn Bright tells the Independent Record (http://bit.ly/1mvP7Ap) SAF must also make some other cost and benefit reductions. Bright says early retirement options have been offered to about 30 employees.

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