Someone in the current administration has decided to add new servicers to the current list. Ultimately, 27 servicers are going to exist! Arggghhhhhhhhhh! Wanna talk about higher defaults! Students now have to negotiate with 27 servicers, many which do not have websites! WOW!
Let’s see? Sallie Mae was dropped because it was costing too much money to service loans?
Now we got 27 new servicers to deal with? Defaults and the national debt are all going to increase!