Education Department negotiates Navient’s exit from federal student loan program


The Biden administration is considering approving a deal under which Navient, the student loan company reviled by many progressives, would no longer collect monthly loan payments on behalf of the Education Department and transfer the accounts of nearly six million federal borrowers to another company.

Navient announced on Tuesday that it has reached an agreement to transfer its federal loan servicing accounts to Maximus, a large government contractor that

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