Search results
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.
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.
If the U.S. Department of Education transfers one or more of your federally owned student loans to a new servicer, you probably have some questions. Read on to learn about why these transfers happen, what the process looks like, and what to do next.
Check the status of your federal student aid application and manage your loans on the Federal Student Aid Status Center.
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 ...
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 to...
14 mar 2024 · The new environment, known as the Unified Servicing and Data Solution (or USDS), will improve the experience and repayment outcomes for 38 million federal student loan borrowers. It also will enable FSA to provide tighter oversight of loan servicers and better safeguard borrowers’ personal information through higher cybersecurity standards.
