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9 million student loan borrowers will soon be getting a new servicer. Here’s why

About 9 million people with federal student loans will start getting their bills from a new agency after one of the government’s biggest servicers said Thursday that it will end its contract with the Department of Education in December.

About 9 million people with federal student loans will start getting their bills from a new agency after one of the government’s biggest servicers said Thursday that it will end its contract with the Department of Education in December.

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