A) Issuing private student loans
B) Servicing federal student loans (✔)
C) Offering scholarships and grants
D) Providing tax filing services
Correct Answer: B) Servicing federal student loans
Explanation:
MyFedLoan is a loan servicer contracted by the U.S. Department of Education to manage federal student loans. Its primary role is to help borrowers with tasks such as loan repayment, payment processing, and enrollment in repayment plans.
