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Changes Coming to Federal Student Loan Servicing

from U.S. News & World Report

Changes Coming to Federal Student Loan Servicing U.S. News & World Report The U.S. Department of Education recently announced that it has signed contracts with five companies that will work directly with federal student loan borrowers to provide direct customer service and back-office processing support for student and parent borrowers and partners at postsecondary institutions. The new contracts are part of a broader initiative to improve the delivery of federal financial aid programs through the Next Generation Financial Services Environment, commonly known as Next Gen. READ MORE

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