Getting Private Collection Agencies Out of Federal Student Loans
January 24, 2018
January 24, 2018
WASHINGTON, Jan. 24 -- The Center for American Progress issued the following news release:
Today, 12 U.S. senators sent a letter to U.S. Secretary of Education Betsy DeVos and the chief operating officer of the Office of Federal Student Aid (FSA), A. Wayne Johnson, demanding that they justify the use of private debt collection agencies (PCAs) in the federal student loan system. The Department of Education contracts with these companies to manage borrowers' accounts after they defaul . . .
Today, 12 U.S. senators sent a letter to U.S. Secretary of Education Betsy DeVos and the chief operating officer of the Office of Federal Student Aid (FSA), A. Wayne Johnson, demanding that they justify the use of private debt collection agencies (PCAs) in the federal student loan system. The Department of Education contracts with these companies to manage borrowers' accounts after they defaul . . .