"Nothing in life is to be feared. It is only to be understood."
One company will now handle close to half of all student-loan payments
Source Date:
Tuesday, March 6, 2018
Categories:
Every month, approximately 40 million Americans make payments to a corporation they know almost nothing about.
There are just four major companies contracted by the federal government to process the nation’s student loan checks and after the just-completed merger of two of these firms — Nelnet Inc. NNI, -0.72% and Great Lakes Educational Loan Services Inc. — one company will handle more than 40% of all payments.