A major change is coming to a popular student loan program that could cause headaches for millions of front-line workers, including teachers, doctors and nurses.
Student loans have been front and center for a while now, but this is a headache few saw coming. FedLoan Servicing, one of the largest student loan services contracted by the U.S. Department of Education, said it will be getting out of the student loan game altogether at the end of 2021, saying loans are getting too complicated and too costly.
Despite navigating medical school and a tumultuous year of COVID-19, Dr. Niel Andrews is worried he'll have to deal with an even bigger problem. He's one of the millions of borrowers across the country who have a loan run by the Department of Education that's managed by FedLoan Servicing.
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