Millions of student loans are being handled by a new business | What you should know
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Philadelphia: A new corporation has taken over the servicing of millions of student loans. If this affects you, you ought to be be aware of the change by now.
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Since student loan payments have been on a prolonged halt, it really took effect at the end of last year but went unnoticed.
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However, now that payments are expected to begin, the Troubleshooters are receiving inquiries about it.
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"I have received information stating that Aidvantage was now taking over Navient, which Navient was taken over by Sallie Mae,"
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said Pamela Walters of Bear, Delaware. "So now I'm really confused."
Many other borrowers of student loans are also. This is what you need to know, then.
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According to Foundation Capital Management, LLC financial analyst and adviser Chuck Minnich, "Navient has
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encountered significant regulatory challenges over the previous few years."
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Checkout our blog for more student loan program updates and news.