Department of Education Seeking Single Servicer for Student Loans

Department of Education Seeking Single Servicer for Student Loans

The Department of Education announced Friday that it would offer a contract to a single servicer to administer federal student loans. Currently, ED contracts with four different servicers to manage its $1.2 trillion student loan portfolio. Education Secretary Betsy DeVos ED released an amended contract solicitation for that future provider on Friday afternoon. “The amendment ensures high quality customer service, maintains all meaningful borrower protections, increases oversight and provides significant savings to tax payers,” James Manning, acting under secretary of education, said in a call with the press on Friday….

Read More

SEEKING A HIGHER POSITION IN AN INTERVIEW MAY BACKFIRE

SEEKING A HIGHER POSITION IN AN INTERVIEW MAY BACKFIRE

One mistake that many people make in job interviews is to position themselves too early for a higher position and title. Although this strategy can work if the position you’re applying for is below your skills, it can backfire in many ways. Being seen as overqualified is the first problem that can simply exclude you early in the process. But that is not everything. Your interviewers may also get the impression that you’d easily jump ship at the first sight of a better position somewhere else. Based on your tone,…

Read More