Three student-loan companies announced they are shutting down their federal loan services at the end of this year, placing 16 million borrowers in the hands of new companies.

Seven Democrats, led by Massachusetts Sen. Elizabeth Warren, want to ensure those borrowers will not be harmed during the transition before student-loan payments resume in 90 days.

(My personal view of student loans, is that they are the modern incarnation of indentured servitude. Education should be free all the way up to a Phd if a person has the grades, like it is for many European countries.)