A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments

08/17/2024, 11:16 AM
businessinsider.com

A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments

Robyn Beck/AFP via Getty Images

The Education Department notified student-loan company MOHELA on Tuesday that it would be facing penalties for failing to perform the servicing obligations required in its contract.

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