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GAO: Education Needs to Close Gaps in Federal Student Loan Servicer Oversight

·Source: GAO Reports

GAO reports that the Department of Education’s Federal Student Aid office stopped quarterly assessments of student loan servicers’ accuracy and call quality in February 2025 due to staffing constraints. The report highlights oversight gaps that could affect borrower service and data accuracy, and calls for Education to address these weaknesses.

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student-loansdepartment-of-educationfsaloan-servicersgao-reportoversightcustomer-serviceaccountability