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1. www.ed.gov › about › newsU.S. Department of Education's Office of Federal Student Aid...

   www.ed.gov › about › news

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   24 kwi 2023 · Today, the U.S. Department of Education’s (Department’s) office of Federal Student Aid (FSA) announced it has signed contracts with five companies to modernize and enhance loan servicing for more than 37 million borrowers with federally managed loans.

2. studentaid.gov › sites › defaultThe Next Generation of Loan Servicing - Federal Student Aid

   studentaid.gov › sites › default

   24 kwi 2023 · Six existing legacy loan servicing contracts will expire in December 2023. To maintain the long- term stability of the loan servicing environment, FSA must award new contracts through the USDS procurement.

3. blog.ed.gov › announcing-the-next-generation-of-federal-student-loan-servicingAnnouncing the Next Generation of Federal Student Loan Servicing

   blog.ed.gov › announcing-the-next-generation-of-federal-student-loan-servicing

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   19 maj 2022 · The USDS will replace the legacy servicing contracts for Direct Loans and federally managed Federal Family Education Loan (FFEL) Program loans with the overarching goals of providing all federally managed borrowers with complete account management capabilities on StudentAid.gov;

4. blog.ed.gov › 2024 › 03Modernizing Federal Student Loan Servicing - ED.gov Blog

   blog.ed.gov › 2024 › 03

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   14 mar 2024 · This spring, Federal Student Aid (FSA) will begin improving how individual borrowers manage and repay their federal student loans. Through multiple phases, we will bring online an entirely new federal student loan servicing environment – a goal we have pursued for more than a decade.

5. nelnetinc.com › press-releases › nelnet-awarded-u-s-department-of-educations-usdsU.S. Department of Education Awards Nelnet New Contract

   nelnetinc.com › press-releases › nelnet-awarded-u-s-department-of-educations-usds

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   4 maj 2023 · The 5-year federal contract, with possible extensions up to 10 years, will replace existing legacy student loan servicing contracts for Direct Loans and federally managed Federal Family Education Loan (FFEL) Program loans and will be centered on providing superior customer service to federal student loan borrowers through measurable service ...

6. studentaid.gov › sites › defaultThe Next Generation of Loan Servicing - Federal Student Aid

   studentaid.gov › sites › default

   21 lut 2021 · servicing contracts can only be extended through December 2021 for Great Lakes, Nelnet, Navient, and FedLoan Servicing, and through March 2022 for MOHELA, Granite State, OSLA, and HESC/EdFinancial. CornerStone has opted to wind down their contract with FSA in March 2021.

7. www.govconwire.com › 2023/04/5-companies-win-spots-on-16b-education-loanEducation Department Awards 5 Spots on $16B Federal Student Loan...

   www.govconwire.com › 2023/04/5-companies-win-spots-on-16b-education-loan

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   25 kwi 2023 · Five companies have won spots on a potential 10-year, $16 billion contract to support loan servicing requirements under the Department of Education’s federal student aid program, according...