(Bloomberg)Education Secretary Betsy DeVos on Tuesday withdrew a series of policy memos issued by the Obama administration to strengthen consumer protections for student loan borrowers. The Education Department is in the middle of issuing new contracts to student loan servicing companies that collect payments on behalf of the agency. This must be done with precision, timeliness and transparency.”[Government gets tough on student loan servicers, but will it be effective?] Another memo insisted FSA consider a company’s past performance in divvying up the student loan portfolio. Check out:Federal watchdog sees major cracks in program to help student loan defaultersIf you pay more than the amount due on your student loans, you might be in for a surpriseDelays.

Source: Washington Post April 11, 2017 20:33 UTC