More than 1 million student-loan borrowers could soon be transferred to a new company after their servicer requested a lighter load, the Education Department says

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• Over 1 million student-loan borrowers are being transferred from MOHELA to new servicers in the coming months.
• MOHELA requested the transition, and Federal Student Aid agreed to allow for "the best service."
• The Education Department withheld pay from MOHELA last year for not fulfilling some of its obligations.

A major student-loan company has requested that it no longer manage some of the borrowers in its servicing portfolio.

On Monday...