Trump administration cancels controversial contract bid for a new student loan servicer

Education Secretary Betsy DeVos testifies before a Senate Appropriations subcommittee on June 6. (Susan Walsh/AP) The Trump administration on Tuesday canceled a contract solicitation that would have handed the management of the federal government’s $1.2 trillion portfolio of education loans to a single company amid growing complaints from industry stakeholders and lawmakers. Education Secretary Betsy […]
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