Page 3 - கல்வி எழுத்தாளர்கள் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A recent change in student loan servicing could work in borrowers favor. The Pennsylvania Higher Education Assistance Agency which oversees loans of 8.5 million student borrowers announced this month that it would not renew its contract with the federal government when it ends in December. All those borrowers, as a result, will need to be matched with a new lender. It would be confusing for PHEAA borrowers to restart repayment on Sept. 30, only to change servicers on Dec. 14, said higher education expert Mark Kantrowitz. It would be better to combine both changes so that they occur at the same time. There were already signs that the White House was considering an extension.

United statesDepartment of educationDistrict of columbiaWhite houseMiguel cardonaScott buchananMark kantrowitzElizabeth warrenJoe bidenSenate majority leader chuck schumerNational consumer law centerPennsylvania higher education assistance agencyConsumer federation of americaUs department of justiceCongressional budget officeAmerican civil liberties union