Sentences with phrase «education contracts servicers»
The Department of Education contracts servicers to handle the TEACH Grant, and FedLoan Servicing currently services TEACH Grants.
https://www.magnifymoney.com/ Not exact matches
These are all loans that are originated from the Department of Education and (with the exception of the Perkins Loan) paid back through a Department of Education contracted loan servicer.
Earlier this month, a state court in Massachusetts ruled that the case could go forward, despite the Trump Justice Department's claim that the federal Higher Education Act pre-empted the state's right to sue the servicer, which is under contract to the federal government.
«Massachusetts is improperly seeking to impose requirements on the department's servicers that conflict with the Higher Education Act, federal regulations, and federal contracts that govern the federal loan programs,» DeVos wrote in a recent memo.
CornerStone is one of the smaller federal student loan servicers contracted by the Department of Education.