Sentences with phrase «federal student loan servicing system»
The Next Gen federal student loan servicing system will bring changes to how federal student loan...
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The Next Gen federal student loan servicing system will bring changes to how federal student loan borrowers make payments.
The Department of Education's Office of Federal Student Aid (FSA) is working on making some big changes to the current federal student loan servicing system.
The Next Gen federal student loan servicing system will bring changes to how federal student loan borrowers make payments.The Department of Education's Office of Federal Student Aid (FSA) is working on making some big changes to the current federal student loan servicing system.
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WASHINGTON — President Clinton was poised late last week to unveil a long - awaited legislative package that would create a federally chartered corporation to oversee a national service program, replace the existing student - loan program with a system of direct loans made with federal capital, and call for extensive use of a loan repayment plan that would base payments on a borrower's income.
-- Education Secretary Betsy DeVos last month rolled back Obama - era directives that envisioned a new system for collecting payments from federal student loan borrowers, including the customer service standards those companies would be expected to meet.
In the current system, four companies» service federal student loans with Navient, which was spun off of Sallie Mae, acting as the biggest.
ACS Education Services was once the only company managing the federal government's student loan portfolio, a system that many said led to customer service failures experienced today.
ACS was not only the sole operator of the federal student loan system, but the company also owned the servicing platform.
If you have lost track of your loans, use the National Student Clearinghouse's Loan Locator Service or the National Student Loan Data System's Student Access to obtain a list of all your federal loans.