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Four companies still handle servicing the loans. Navient Corp (NAVI.O), which was spun off Sallie Mae (SLM.O) in 2014, is the largest. Its stock rose 23 cents to close at $13.94, after popping to a session high of $14.14 shortly after the announcement. The others are Nelnet Inc. (NNI.N), Great Lakes Educational Loan Services, Inc, and FedLoan Servicing, also called PHEAA. Nelnet's stock closed down 0.5 percent on Friday. The Consumer Financial Protection Bureau, a consumer financial watchdog agency, is fighting Navient in court over allegations the company deceived borrowers about repayment options and their rights. In an op-ed piece published on the Wall Street Journal website Friday afternoon, DeVos wrote the Obama administration's servicing requirements created a "chaotic system" that generated numerous consumer complaints and was not sustainable. She added the single servicer will establish a user platform and a standardized process for handling customer calls.

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A sturdy leather work bag. It’s the tried and true power accessory, so consider it an investment in your career. What’s more, some of the chicest options on the market right now fall in the affordable $400-and-under range. Scroll below to shop the best leather work handbags out there right now, and enjoy a little preholiday splurge. Take a break from the typical tote with a sleek bucket bag in an unusual shape. Zara Buckled Leather Bucket Bag, $159 at Zara If you work in a corporate environment, go for a bag that fits your laptop, tablet, and stacks of files without losing its shape. Genuine People Leather Flap Handbag, $178 at Spring Some people prefer their totes less structured and more slouchy: Here’s one with a sleek design and buttery soft leather that won’t become a shapeless sack over time. Just Female Bravo Shopper, $191 at Need Supply For the working woman that likes to travel light.

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