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Education Dept. Says It Will Pick Single Loan Servicer

Friday, May 19, 2017 - 15:45

The U.S. Department of Education will award one contract to Navient, GreatNet, or the Pennsylvania Higher Education Assistance Agency to service student loans and to build a platform to do so, James Manning, the acting under secretary of education, told reporters on Friday. The move is part of the next phase of the department’s revamping of how it chooses an outside company to service the billions of dollars in federal student loans it issues.
In April, Betsy DeVos, the education secretary, with... Continue reading