servicing

Many federal student loans, in fact, are stuck in a period of limbo with no monthly payments because the company servicing them can’t determine what the payments should be.

That includes contracts for launching military satellites, servicing the International Space Station and building a lunar lander.

Properties with shared kitchens and bathrooms need constant servicing, he said.

The agency said it would continue helping borrowers with initial processing and servicing their loans, but "if funding lapses, all new offers will be held back and delayed until program funding is replenished."

“We are in a difficult spot and we want to remain fully compliant in terms of servicing our foreign obligations, every penny of it. But we need some additional cushion for now,” said Dr Mansur.