Aidvantage added to student loan chaos with late bills, feds say. Now it faces a big fine.
The Biden administration is withholding more than $2 million from three of the nation’s largest student loan servicers over billings errors.
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The Biden administration is withholding more than $2 million from three of the nation’s largest student loan servicers over billings errors.
The tens of millions of student loan borrowers who must begin making payments in October are confronted with confusion and lack of information from the privately-owned corporations that service their debts under contract with the US Department of Education.
As people begin repaying student loans in October, some are finding their payments have increased and are being handled by new companies.
With US student loan debt already at $1.7 trillion, millions of youth and workers are being hit with the resumption of payments next month.
U.S. government services company Maximus, which has a location on Keystone Avenue in CenterPoint Commerce & Trade Park in Jenkins Twp., has laid off 16 people in Pennsylvania, a company