
About 2 million people are about to get a new student loan servicer. Here's what you need to know
CNN
FedLoan -- an arm of the Pennsylvania Higher Education Assistance Agency known as PHEAA -- is currently servicing those loans.
But a year ago, PHEAA decided to end its contract with the federal government. Beginning last fall, the federal loans serviced by FedLoan have been transferred in stages to several other servicers. About 2 million accounts still need to be transferred.
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