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Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education. As a guarantor working on behalf of the U.S. Department of Education, ECMC charges fees to debtors and earns commissions from ...
(Reuters) - The Biden administration on Friday canceled another $4.28 billion in student debt for nearly 55,000 public service workers, the U.S. Department of Education said in a statement.
The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
The administration said it will spend nearly $4.3 billion to cancel student debt for 55,000 such workers, the result of fixes… Biden canceling student loan debt for 55K public service workers ...
U.S. President Joe Biden on Wednesday announced the cancellation of another $7.7 billion in student debt for 160,000 borrowers, bringing the total number of people to benefit from his debt relief ...
The United States Department of Education is a cabinet-level department of the United States government.It began operating on May 4, 1980, having been created after the Department of Health, Education, and Welfare was split into the Department of Education and the Department of Health and Human Services by the Department of Education Organization Act, which President Jimmy Carter signed into ...
Maximus provides support for the U.S. Department of Education’s student debt management and collection system and student loan counseling for the Federal Student Loan program. [69] [35] Maximus Federal Services is a contractor to FSA for DMS (Default Management System) one of the systems used to process student loan defaults. [70]
The Education Department (ED) is discharging $500 million in student loan debt held by 18,000 borrowers who had been defrauded by now-defunct for-profit chain ITT Tech.