How Much Do Federal Student Loan Servicers Make Per Loan?
Borrowers often believe that student loan servicers get to keep the interest on the loan. But it doesn’t work like that.
Servicing companies collect payments of principal and interest on behalf of the loan holder (the Department of Education in the case of federal loans). In exchange, they're paid a monthly fee for each loan serviced.
So how much do federal student loan servicers make per loan?
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