The following is a fact-check of the May 16, 2010 episode of Meet the Press:

SEN. MITCH McCONNELL  | The recently passed student loan bill will result in the loss of 31,000 private sector jobs FALSE

SEN. McCONNELL: They nationalized the student loan business, which will kill 31,000 private sector jobs. handled this back in March, we’ve look at their research and agree with their analysis. Sen. McConnell’s statement is FALSE.

From crowd-sourcer James’ summary of what found:

First, that 35,000 number came from an report sponsored by National Council of Higher Education Loan Programs, the Consumer Bankers Association, the Education Finance Council and the Student Loan Servicing Alliance – they have as yet refused to make the data available. In fact, the total number of jobs, including jobs in India and elsewhere abroad, is 35,000. According to the FactCheck analysis, the legislation would result in anywhere between a net gain of 300 jobs to a net loss of 4,750 jobs, a far cry from 35,000.

Special thanks to crowd-sourcer James for assisting with this fact-check.

This fact-check took a combined 35 minutes.