Misplaced Education Loan Blame. Requires Enhancing The Federal Loan System
Complex student loan policy causes customer frustration normally as problems by servicers, report finds.
Throughout a U.S. House of Representatives subcommittee hearing regarding the Public provider Loan Forgiveness program final thirty days, Democrats held a chair available when it comes to top administrator from that loan servicer accountable for managing this system.
The servicer, the Pennsylvania degree Assistance Agency, happens to be under fire because of its alleged mismanagement associated with system. Therefore the lack of PHEAA’s president and CEO, who noted in a page to your committee that the organization had been limited by federal legal guidelines, didn’t do just about anything to mollify concerns of lawmakers in the committee. Read More →