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  2. Educational Credit Management Corporation - Wikipedia

    en.wikipedia.org/wiki/Educational_Credit...

    In return, the U.S. government has retrieved billions of dollars from student loan debtors. [1] From 1994 to 2015, according to ECMC, they returned $4.3 billion to the U.S. Treasury. [2] According to ECMC the company works to reduce student-loan default rates and provide resources to help students repay their loans, and promotes financial ...

  3. Maximus Inc. - Wikipedia

    en.wikipedia.org/wiki/Maximus_Inc.

    Maximus provides support for the U.S. Department of Education’s student debt management and collection system and student loan counseling for the Federal Student Loan program. [70] [36] Maximus Federal Services is a contractor to FSA for DMS (Default Management System) one of the systems used to process student loan defaults. [71]

  4. Federal Student Aid - Wikipedia

    en.wikipedia.org/wiki/Federal_Student_Aid

    Each year Federal Student Aid's staff processes approximately 22 million FAFSAs. Additionally, Federal Student Aid is responsible for enforcing the financial aid rules and regulations required by the Higher Education Act of 1965 and the U.S. Department of Education and managing the outstanding federal student loan portfolio.

  5. What to know if CornerStone was your student loan servicer - AOL

    www.aol.com/finance/know-cornerstone-student...

    Key takeaways. CornerStone was previously one of eight approved federal student loan servicing agencies that provided loans nationwide. Although Cornerstone was contracted to service loans through ...

  6. What Aspire Servicing Center student loan borrowers ... - AOL

    www.aol.com/finance/aspire-servicing-center...

    Aspire was created in 2001 and received a contract from the Department of Education to service federal student loans in 2012. The company exited the contract three years later because its revenue ...

  7. Navient Student Loans: What to Know About the Servicer - AOL

    www.aol.com/finance/navient-student-loans-know...

    For premium support please call: 800-290-4726 more ways to reach us

  8. Navient - Wikipedia

    en.wikipedia.org/wiki/Navient

    The U.S. Department of Education selected Sallie Mae in 2009 to service federal loans on its behalf. [ 10 ] In 2010, Congress passed the Health Care and Education Reconciliation Act of 2010 , which eliminated the federally guaranteed loan program known as Federal Family Education Loan Program (FFELP) , under which banks and companies like ...

  9. White House approves student debt cancellation for thousands ...

    www.aol.com/news/white-house-approves-student...

    The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...

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