Language in the omnibus spending bill Congress agreed to over the weekend directs the Department of Education to allow student loan borrowers to select any servicer when consolidating their federal student loans.
It's a change that was long sought by state-based and not-for-profit servicers. Previously, borrowers were required to move their loans to one of several large servicers after consolidating.
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2017/05/03/spending-bill-gives-flexibility-borrowers-seeking-loan-consolidation