Student Loans

Ed. Dept. Approves Transfer of Navient Accounts to Maximus

The Department of Education has approved a request from Navient to transfer its portfolio of 5.6 million of student loans to Maximus, which will take over Navient’s contract with the Department going forward. Navient announced its decision to stop servicing loans under the Next Generation Financial Services Environment program, or …

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Report Shares Details of Student Loan Restart Proposals

The Department of Education is considering proposals that would give borrowers “new flexibility” like initial grace periods when its moratorium on student loan payments ends on January 31, according to a published report. Individuals with federal student loans have not had to make payments since the COVID-19 pandemic hit the …

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Ed. Dept. Creates Student Loan Enforcement Unit

The Department of Education on Friday announced the creation of a new enforcement office that will watch over postsecondary institutions to “vigorously” ensure that rules are being followed and named an individual that should be familiar to many in the accounts receivable management industry to run the office. The Office …

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