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Student-loan behemoth tightens its ties to Trump and DeVos

Photo by: Politico

The company that rejected all but 1 percent of applicants for a popular federal student-loan forgiveness plan — and that manages nearly a third of the nation’s $1.6 trillion of student loan debt — is beefing up its already close ties to President Donald Trump and Education Secretary Betsy DeVos as it competes for a new contract. The company, FedLoan Servicing, an arm of the Pennsylvania Higher Education...

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