It could cost taxpayers $800 million to collect student debt from struggling borrowers [MarketWatch]
Performant Financial Corporation (PFMT)
Last performant financial corporation earnings: 3/17 04:05 pm
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US:NASDAQ Investor Relations:
investors.performantcorp.com/node/5806
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Source: MarketWatch
It could cost taxpayers $800 million to collect student debt from struggling borrowers Two companies just won the opportunity to participate in the profitable business of collecting money from struggling student loan borrowers on behalf of the government. The Department of Education disclosed Thursday evening that it selected Performant Financial Corporation and Windham Professionals Inc. to collect money from student loan borrowers who defaulted on their debt. The selection meets a court-ordered deadline to pick the debt collectors that would win the government business. It’s the latest development in years of litigation and protests over the lucrative award, which is likely only to continue as the losing bidders figure out how they will respond. The selected companies could make $400 million For the winners, receiving the contract is a big boost to their business. Performant’s PFMT, +19.07% stock opened Friday more than 50% up from Thursday’s close. Michael Tarkan, a senior ana
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PFMT
News
- Performant Financial Corporation to Report First Quarter 2024 Earnings on May 7, 2024Business Wire
- Performant Financial Corporation Acquires Artificial Intelligence Technology in Support of Its Scale Initatives [Yahoo! Finance]Yahoo! Finance
- Performant Financial Corporation Acquires Artificial Intelligence Technology in Support of Its Scale InitativesBusiness Wire
- Performant Financial: No Earnings Inflection Anytime Soon, Hold [Seeking Alpha]Seeking Alpha
- Performant Financial Corporation (NASDAQ:PFMT) Just Reported Earnings, And Analysts Cut Their Target Price [Yahoo! Finance]Yahoo! Finance
PFMT
Sec Filings
- 4/18/24 - Form SC
- 4/5/24 - Form 4
- 3/13/24 - Form 10-K
- PFMT's page on the SEC website