Education Dept. Keeps Obama Plan to Streamline Loan System

Education Dept. Keeps Obama Plan to Streamline Loan System

Under plans being considered by the Education Department, students at colleges and universities such as Columbia University in New York will see changes to how their federal student loans are managed.CreditKarsten Moran for The New York Times The Education Department on Friday took up an Obama-era plan to streamline federal student loan servicing by moving to a new, single platform for managing the loans of 43 million borrowers. The department had indicated it might jettison the previous administration’s initiative, which was intended to simplify a system that consumer advocates have…

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