Audit finds widespread problems with student loan oversight

A FEDERAL AUDIT found numerous shortcomings with the oversight and servicing of student loans under the U.S. Department of Education and its partners. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI
PROVIDENCE – Federal Student Aid, a part of the U.S. Department of Education that oversees the nation’s 30 million student loans, and the nine companies and organizations tasked with servicing the loans failed to do their jobs properly over a period of years, according to a new report from the Department of Education’s Inspector General’s…

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