Sen. Elizabeth Warren (D-Mass.) plus five almost every other Popular senators requested Maxiumus, this new education loan servicer tasked which have taking over the new levels off over 5 billion consumers moving from Navient, to ensure those individuals consumers has a smooth change. Inside the a page in order to Maximus recently, the lawmakers told you it is crucial the servicer “do at the a premier bar and with enhanced openness to add the best possible solution so you’re able to borrowers.”
Navient revealed within the September which would-be stop its price on national and transfer all the borrowers it is responsible getting to a different servicer. Maximus, and this works since a student-based loan servicer according to the label Aidvantage, are afterwards identified as the fresh servicer that will be taking on Navient’s membership, and you may Navient later agreed to continue on because the a servicer thanks to December in an attempt to assists a soft changeover. Read more