The reforms threaten at least 30,000 jobs, according to student loan companies.

Nelnet President Jeff Noordhoek has said his company should be fine even if the legislation is enacted, because it has developed new revenue sources besides student loans. Also, he said, the company is one of four lenders with a contract to service direct loans made by the federal government.

But Noordhoek has said he believes the proposed reforms would force some companies out of business and lead to the elimination of some jobs at Nelnet.
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