Sen. Schumer Helps Save Jobs
HORSEHEADS---(WENY) Senator Chuck Schumer received a warm welcome Monday at a student loan rehab center here in the Southern Tier. Senator Schumer recently fought to stave off a potential offset in the student loan rate bill that he says would've cost 420 jobs in Chemung county.
Sallie Mae employees, thankful they no longer have to worry about losing their jobs, welcomed Senator Schumer to Sallie Mae's General Revenue Corporation facility in Horseheads. They greeted him with a giant 'Thank You' card signed by each employee. Stephanie Perry, Director of Operations for GRC says, "Everything that Senator Schumer has done for us has been greatly appreciated. This whole building is grateful and thankful for everything he's done."
Back in May, Congress proposed new provisions to the student loan rate bll that would have cut funding to student loan counseling programs. It was an attempt to offset a hike in student loan interest rates, and could have cost 420 jobs here Chemung County. Senator Schumer said, "I used my clout in the senate to say, over my dead body are you going to cut what they do here at GRC."
The final legislation doesn't cut those hundreds of jobs, and keeps the interest rate on student loans below 4%. Schumer added, "We got the best of both worlds. We got the student loan rate down and, not only did we keep all these jobs, but they're growing. They hired 20 new people today."
Chemung County had seen a rise in unemployment since the closing of Sikorsky and the decline of Pennsylvania's gas drilling boom. So, County Executive, Tom Santulli was happy to hear the news. He talked about the impact saving these jobs has had. Santulli says, "If you were to take these 400 jobs and put them in the mix of what's happening, it would just be devastating to the community. So thank you to the Senator who said he was going to fight this and he did. "
It's an accomplishment Santulli attributes to what can happen when the two parties put aside their political differences and work together. Senator Schumer also visited Lockheed Martin in Owego to talk about possible job growth.