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Conduent moved to start winding down all student loan servicing operations for FFEL loans. Conduent's student loans business is no longer in operation. All Conduent student loans that were previously serviced have been transferred to other services. What does all of this mean for the borrowers with whom Conduent previously worked? Borrowers should proceed in one of two ways depending on their type of loans. It must make restitution to any affected borrowers. Contact your new student loan servicer and discuss the matter with them if you believe this applies to you but your loans were not adjusted.
You might also want to check on your loan balance, review your previous payments, and request a free copy of your credit report to ensure that it is accurate. Federal Student Aid. Consumer Financial Protection Bureau. In This Article View All. In This Article. Definition and Examples of Conduent Ownership. How the Termination of Conduent Loans Worked. The CFPB ordered the company to correct unfair loan servicing practices by adjusting principal balances and repaying affected borrowers.
Contact your lending institution or look up your loan information on the Federal Student Aid website if you had your student loans serviced through Conduent. This will tell you where your loans have been transferred. Note Xerox shed several business interests in and created the publicly traded company Conduent Incorporated. Was this page helpful? Conduent's student loans business is no longer in operation.
All Conduent student loans that were previously serviced have been transferred to other services. What does all of this mean for the borrowers with whom Conduent previously worked? Borrowers should proceed in one of two ways depending on their type of loans.
It must make restitution to any affected borrowers. Contact your new student loan servicer and discuss the matter with them if you believe this applies to you but your loans were not adjusted. You might also want to check on your loan balance, review your previous payments, and request a free copy of your credit report to ensure that it is accurate. Federal Student Aid. Consumer Financial Protection Bureau. In This Article View All.
In This Article. Definition and Examples of Conduent Ownership. How the Termination of Conduent Loans Worked. The CFPB ordered the company to correct unfair loan servicing practices by adjusting principal balances and repaying affected borrowers. Contact your lending institution or look up your loan information on the Federal Student Aid website if you had your student loans serviced through Conduent. This will tell you where your loans have been transferred.
Note Xerox shed several business interests in and created the publicly traded company Conduent Incorporated. Was this page helpful? Thanks for your feedback!
Conduent has gone through many name changes and ownership transfers over the years. ACS had a contract with the U.
Department of Education to service federal student loans at the time of this acquisition. Direct loans serviced by ACS were transferred to other federal student loan servicers.
This would have helped borrowers secure lower monthly payments. It also agreed to end illegal and abusive debt collection practices and to make reparative efforts such as crediting wrongfully charged late fees. The U. It had incorrect principal balances. The CFPB alleged that ACS lacked a proper system and manpower for processing changes to repayment, such as deferment, forbearance, or income-based repayment plans. It included properly adjusting relevant loans or making restitution to borrowers.
Xerox shed several business interests in and created the publicly traded company Conduent Incorporated. Conduent moved to start winding down all student loan servicing operations for FFEL loans. Conduent's student loans business is no longer in operation. All Conduent student loans that were previously serviced have been transferred to other services. What does all of this mean for the borrowers with whom Conduent previously worked?
Borrowers should proceed in one of two ways depending on their type of loans. It must make restitution to any affected borrowers. Contact your new student loan servicer and discuss the matter with them if you believe this applies to you but your loans were not adjusted. You might also want to check on your loan balance, review your previous payments, and request a free copy of your credit report to ensure that it is accurate.
It must make restitution to any affected borrowers. Contact your new student loan servicer and discuss the matter with them if you believe this applies to you but your loans were not adjusted. You might also want to check on your loan balance, review your previous payments, and request a free copy of your credit report to ensure that it is accurate.
Federal Student Aid. Consumer Financial Protection Bureau. In This Article View All. In This Article. Definition and Examples of Conduent Ownership. How the Termination of Conduent Loans Worked. The CFPB ordered the company to correct unfair loan servicing practices by adjusting principal balances and repaying affected borrowers. Contact your lending institution or look up your loan information on the Federal Student Aid website if you had your student loans serviced through Conduent.
This will tell you where your loans have been transferred. Note Xerox shed several business interests in and created the publicly traded company Conduent Incorporated.
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