Sentences with phrase «contracted federal loan servicers»
Federal student loans are also repaid through a number of contracted Federal loan servicers.
https://thecollegeinvestor.com/ Not exact matches
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.
«The Department takes exception to the CFPB unilaterally expanding its oversight role to include the Department's contracted federal student loan servicers,» DeVos wrote.
If a single servicer were to receive all new federal student loan contracts moving forward, then that means that there's no incentive for them to provide decent customer service to borrowers (because you have nowhere to turn, unless you want to refinance your federal student loans in the private loan marketplace).
Under this revised plan, the three finalists, all approved under the Obama administration, would vie for the contract to be the sole servicer for all federal student loans.
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.
ED contracts with loan servicers who handle the billing and other services on your federal student loans.
«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.