Please ensure Javascript is enabled for purposes of website accessibility
Home / News / ACS’s $9 million settlement in New York places a spotlight on problems in student loan servicing

ACS’s $9 million settlement in New York places a spotlight on problems in student loan servicing

ACS Education Services, a company that once managed one of the largest portfolios of student loans, will pay New York $9 million to resolve charges of steering struggling borrowers away from affordable repayment plans, state officials said Friday. “ACS has systematically failed borrowers by refusing to educate them on more effective federal repayment options, and instead, ...