Update: What the Federal Student Loan Servicing Shake-Up Means for Borrowers
Admitted
OCTOBER 7, 2021
In 2010, the federal government eliminated the bank-based student loan program (formerly the Federal Family Education Loan Program, or FFELP) in favor of originating loans directly from the Department of Education). As a result, some companies have decided not to continue serving as student loan servicers.
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