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(KYMA, KECY / CNN) – Roughly nine million people who have received federal student loans will begin receiving their bills from the new agency in December.
This came after one of the largest civil servants announced the termination of a contract with the Ministry of Education at the end of this year.
This service agent is the Pennsylvania Higher Education Support Agency. The agency, better known as Fed-Loan, is responsible for paying off federal student debt.
The government has signed a contract with him to collect payments over the past 12 years.
The organization said in a statement that “repayment programs are becoming more complex and difficult, while the cost of servicing these programs has skyrocketed.”
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