Washington, D.C.–(ENEWSPF)–June 17, 2009. U.S. Secretary of Education Arne Duncan today announced that four companies were awarded contracts to service a portion of the approximately $550 billion outstanding federal student loan portfolio held by the Department. The selected contractors will also service loans originated by and sold to the Department in the future. The award of these contracts provides the Department with the capacity necessary to support anticipated increases in the number of loans owned…
