Goodbye, Nelnet — Everything You Need to Know About the Federal Student Loan Overhaul
In case you missed it, the U.S. Department of Education is making huge changes to the federal student loan servicing system next year. It’s part of Secretary Betsy DeVos’s Next Gen Federal Student Aid initiative, which aims to improve the borrowing and repayment experience. The system will become a single, centralized platform as early as December 2020 — when contracts end for current servicers like Nelnet and Great Lakes. To replace the old servicers, five new companies will shoulder most […] The post Goodbye, Nelnet — Everything You Need to Know About the Federal Student Loan Overhaul appeared first on The Simple Dollar .
Goodbye, Nelnet — Everything You Need to Know About the Federal Student Loan Overhaul
In case you missed it, the U.S. Department of Education is making huge changes to the federal student loan servicing system next year. It’s part of Secretary Betsy DeVos’s Next Gen Federal Student Aid initiative, which aims to improve the borrowing and repayment experience. The system will become a single, centralized platform as early as December 2020 — when contracts end for current servicers like Nelnet and Great Lakes. To replace the old servicers, five new companies will shoulder most […] The post Goodbye, Nelnet — Everything You Need to Know About the Federal Student Loan Overhaul appeared first on The Simple Dollar .