MANCHESTER, England (Reuters) – At least 22 people, including some children, were killed and 59 were wounded when a suicide bomber struck as thousands of fans streamed out of a concert by U.S. singer Ariana Grande in the English city of Manchester on Monday. Prime Minister Theresa May called an emergency meeting with intelligence chiefs […]
U.S. to give contract for student loan servicing to one company
WASHINGTON (Reuters) – The U.S. Education Department said on Friday it was changing its approach to student-loan servicing, awarding a contract to handle outstanding debts to one company.
Under former President Barack Obama, much of the $1.3 trillion business of student lending was moved from banks and other companies to the federal government. Four companies still handled servicing the loans.
“We’re confident that the final decision will have someone who steps up and can perform,” Acting Undersecretary Jim Manning said on a call with reporters.
(Reporting by Lisa Lambert; Editing by Jonathan Oatis)
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