Into the , the new embattled education loan monster known as the Pennsylvania Degree Advice Company (PHEAA) established so it intends to hop out its character due to the fact a federal student loan servicer. 2 million government education loan borrowers included in their $518 mil mortgage servicing portfolio. Importantly, PHEAA is also really the only servicer tasked having controlling the scandal-affected Public-service Financing Forgiveness (PSLF) and Teacher Training Direction to possess College or university and higher Education (TEACH) Grant applications with respect to the new Institution off Degree (ED).
PHEAA’s announcement stands for anticipate information having borrowers, however, this development alone does not add up to fairness for those who have been harmed by PHEAA’s violations. Read More
