Two Major Loan Servicers Merge: Nelnet Acquires Great Lakes
Two of the largest loan servicers in the country announced last week that they are merging. Nelnet, a publicly traded company, purchased Great Lakes Higher Education Corporation, a nonprofit, for…
Massachusetts Sues Major Loan Servicer Over “Unfair Practices”
The office of Massachusetts attorney general Maura Healey has recently filed a lawsuit against the Pennsylvania Higher Education Assistance Agency, one of the nation’s major loan servicers. PHEAA operates its…
Single Servicing Platform Replacing Single Servicer Model
Back in May, Department of Education Secretary Betsy DeVos announced that she would be moving forward with Obama-era plans to streamline the student loan process via a single servicing platform….
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