Student loan Consumers Dazed and you may Puzzled because of the Servicer Shuffle

Student loan Consumers Dazed and you may Puzzled because of the Servicer Shuffle

A tiny-known judge supply pushes the government to award agreements so you can being qualified nonprofit education loan servicers, putting them in charge of handling scores of loans. The newest shuffle has actually at this point brought about harm to specific consumers.

Series: University Loans

The brand new Service away from Education might have been move higher batches off federal college loans so you can this new mortgage-repair enterprises – leaving throughout the lurch specific borrowers that happen to be unexpectedly encountering trouble with their financing, including repayments which can be mysteriously adjusted up otherwise off. Continue reading Student loan Consumers Dazed and you may Puzzled because of the Servicer Shuffle