On Wednesday, a bipartisan group of House Representatives sent a letter to Education Secretary Betsy DeVos requesting that the Department of Education (ED) rescind its recent interpretation of law preempting states from regulating federal student loan servicers. (accesslex.org)
to Education Secretary DeVos expressing concern about the Department of Education's (ED) new plans for assessing the quality of federal student loan servicers and criticizing ED's decision to move to a single student loan servicer. (accesslex.org)
Although most federal student loan servicers operate as nonprofits, there are a handful of private companies, like Navient and Nelnet, which are contracted to service federal student loans. (studentloans.net)