Montana's only student loan servicer is looking at an expected 40 percent loss in clients by the end of the year. As a result, it is undergoing some restructuring. According to the Independent Record, that restructuring could affect the non-profit's ninety-five employees and about thirty-five-thousand borrowers.
The Student Assistance Foundation, in Helena, will now be rebranded as Reach Higher Montana and transferred under the control of the Montana Higher Education Student Assistance Corporation.
President and CEO Jim Stipcich says none of the employees have received a layoff notice.