One of the nine companies that manages the federal government’s $1.2 trillion portfolio of education loans is fighting to stop the Education Department from handing the job to a single contractor.
The Missouri Higher Education Loan Authority, commonly known as MOHELA, filed a protest this month with the Government Accountability Office over a contract solicitation the department amended in May. While the original contract sought to create a single online platform for use by multiple loan servicers, the Trump administration revised the terms to have one company build the portal and collect student debt on its behalf.
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