March 30, 2016

The Springfield Republican: US Sen. Elizabeth Warren calls on Department of Education to adopt changes to overhaul student loan servicing

With significant flaws found in the Department of Education's review of student loan servicers' compliance with federal law protecting military borrowers, U.S. Sen. Elizabeth Warren urged the agency Wednesday to adopt various reform principles.

The Massachusetts Democrat specifically called on ED to implement five fundamentals to overhaul student loan servicing that: put students and families first, punish bad actors, change the financial incentives for servicers, release more data and conduct aggressive oversight.

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