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It was one of the four largest companies which service United States federal student loans: Great Lakes, Nelnet, Navient, and the Pennsylvania Higher Education Assistance Agency. [2] In 2018, the loan servicing part of the organization was sold to Nelnet.
After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warning to other servicers: "Their days are numbered." Student-loan companies that don't do their jobs ...
The student loan servicing industry has had better days. Over the last several months, many servicers – companies that contract with the federal government to manage billing, customer service ...
The companies servicing those loans, which have seen dozens of lawsuits accusing them of coercing, harassing, and misleading borrowers, stacked the deck against student debtors even more ...
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It also has a loan servicing operation for student loans that it owns and for lenders under contract. Originally a small student loan guarantor with approximately 5,000 student loans a year after its formation, it at one point managed more than $100 billion in total assets and serves nearly four million students through its various programs.
Ask your employer about SECURE 2.0. If your company has a matching retirement plan, ask about this new provision in SECURE 2.0 that counts student loan payments toward your 401(k).It's effective ...
With last week's news regarding updated measures for federal student loan relief, the topic has been front of mind for many of the 43 million Americans who carry this type of debt. President Biden ...