MIL-OSI USA: U.S. Department of Education Increases Servicer Performance, Transparency, and Accountability Before Loan Payments Restart

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Source: US Department of Education

Headline: U.S. Department of Education Increases Servicer Performance, Transparency, and Accountability Before Loan Payments Restart

The U.S. Department of Education today announced stronger standards for performance, transparency, and accountability for its student loan servicers aimed at protecting borrowers. Six loan servicing companies – Great Lakes, HESC/Edfinancial, MOHELA, Navient, Nelnet, and OSLA Servicing – will be held to these higher standards starting early next year.

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