federal family education loan program

pshorten

Student Loan Debt Collectors Not Eager To Charge Fees Reinstated By Trump Administration

The Department of Education recently advised companies that collect debt on billions of dollars in outstanding federal student loans that they can once again charge a large penalty fee to defaulted borrowers. However, the collectors — even one that is currently suing the government for the right to charge this fee — now say they will not automatically add thousands of dollars in additional debt to loans in default.  [More]

(Emily)

Xerox’s Federal Student Loan Servicing Under Investigation Over Inaccuracies, Overcharges

When you think of Xerox, photos of large, office printers is likely the first thing to come to mind. But it turns out the company also dabbles in the education business. And it’s that venture that federal investigators are probing after discovering nearly a decade of errors.  [More]