August 17, 2022


Its all about the school

Aidvantage Is Taking Over From Navient: What It Means

12 min read

It’s fair to say that the Department of Education is hemorrhaging companies willing to collect payments for federal student loans. On September 28, 2021, Navient announced its desire to quit the federal student loan servicing business and transfer its 6 million borrower accounts to a company called Maximus.

According to Maximus: "We are working collaboratively with the U.S. Department of Education and Navient to transfer Navient’s servicing contract to Maximus Education, LLC (dba Aidvantage)."

In this video, we share what these changes mean for you. Read more:

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Legal: Student Loan Planner is a financial coaching company and does not claim to provide financial advice on investment products. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on our site. Student Loan Planner is not a debt settlement or debt relief company. We do not provide tax or legal advice.

#Navient #Aidvantage #Maximus #StudentLoans

Source: Student Loan Planner

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