Democratic senators warn of potential problems with student loan servicing changes ...Middle East

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Democratic senators warn of potential problems with student loan servicing changes
A trio of Democratic senators sent a letter to Education Secretary Miguel Cardona on Monday highlighting concerns they have on the upcoming changes to student loan services.   The Department of Education is in the process of creating a centralized Federal Student Aid (FSA) servicing platform for all federal loans, calling it the Unified Servicing and Data Solution (USDS) system.  “While we applaud the Biden Administration’s efforts to modernize and improve student loan servicing, a preliminary review of publicly available information on this transition suggests that this new system lacks transparency,” Democratic Sens. Elizabeth Warren (Mass.), Ron Wyden (Ore.) and Chris Van Hollen

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