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Navient is quitting the federal student loan business | News Agency in MI

News Agency in MI | If it gets the authorization, about 6 million loan borrowers will be sending their monthly payments to a new servicer. Navient plans to transfer those loans to Maximus, a company that already contracts with the Department of Education to service student loans in default.<br>Read more on https://bit.ly/3ATXAJz<br>

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Navient is quitting the federal student loan business | News Agency in MI

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  1. Apadana Media NAVIENTISQUITTINGTHEFEDERAL STUDENTLOANBUSINESS If it gets the authorization, about 6 million loan borrowers will be sending their monthly payments to a new servicer. Navient plans to transfer those loans to Maximus, a company that already contracts with the Department of Education to service student loans in default. The agency is reviewing documents from Navient and Maximus to “ensure that the proposal meets all legal requirements and properly protects borrowers and taxpayers,” said Richard Cordray, the chief operating officer of federal student aid, in a statement. T oK n o wM o r ev i s i t : www.apadanamedia.org

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