U.S. Cuts Off Student-Loan Collectors for Misleading Debtors

By John Hechinger. The U.S. Education Department, citing “inaccurate representations” to student-loan borrowers, will end debt-collection contracts with Navient Corp. and four other companies.
Representatives of these companies, which pursue students who default on their loans, made misleading statements about programs that help borrowers get back on track, the agency said in a statement late Friday. More...