Nearly 10 million student loan borrowers will have their servicer switched by the end of the year (via CNBCMakeIt)
The new changes are intended to "ensure a smooth transition for borrowers out of the student loan pause ending on Jan. 31, 2022" and also come during a significant re-shuffling among servicers.
Jason DiLorenzo, founder and CEO of PSLFJobs, an employer consultant and jobs platform, says the announcement is "good news." However, in FSA's Friday announcement it was revealed that the Department of Education extended an offer to Navient to continue servicing loans through 2023 and is "currently reviewing" Navient's request. If approved, Navient's borrowers may also be transferred,
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