09/29/2021 - EditState

US Student Loan Servicer Asks to Bow Out

A second company that services student loan debt has asked the United States federal government to be relieved of its contracts. Navient, based in Wilmington, Delaware, announced Tuesday it had signed an agreement to transfer the loan servicing to Maximus. The deal is subject to the approval of the U.S. Department of Education’s office of Federal Student Aid. “Navient and Maximus are committed to working together and believe this plan gives the government a reliable approach to support borrower success and advance its vision for next-generation servicing,” stated Navient in a press release. The companies stated that they expected themore

Democratic-Controlled Congress Poised to Approve Stopgap Funding to Keep US Government Open

On 09/29/2021

The Democratic-controlled U.S. Congress appeared set Wednesday to approve a stopgap funding measure to avert a partial national government shutdown at midnight Thursday. Senate Majority Leader Chuck Schumer said the legislation would maintain current funding levels across government agencies through December 3. It would also include $6.3 billion to help relocate Afghan refugees moving to the U.S. after Washington ended its two-decade war in Afghanistan last month, and $28.6 billion to help eastern and southern states recover from devastating hurricanes and western states from raging wildfires. “We can approve this measure quickly and send it to the House so itmore