DeVos abandons plan to award federal student loan servicing to a single company

U.S. Secretary of Education Betsy DeVos speaks at the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, February 23, 2017. REUTERS/Joshua Roberts The Department of Education plans to overhaul its system for federal student loan servicing for the third time in the last year, officials announced Tuesday. It will scrap a plan Secretary Betsy DeVos unveiled in May to award servicing of all federal student loans to a single company. Instead, the department will award...

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