H.R. 8660, titled the “Student Loan Servicers Accountability Act of 2024,” aims to increase the accountability of Federal student loan servicers through enhanced vetting and contract requirements. The bill mandates that servicers evaluate their past performance, consumer satisfaction, and...
Simple Explanation
H.R. 8660 wants to make sure the people who help manage student loans do a good job by checking their work carefully and making them fix mistakes. It also plans to make important information available in different languages to help everyone understand it better.