Aspire teams with U.S. Department of Education

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Aspire Resources Inc., a wholly owned subsidiary of the nonprofit Iowa Student Loan Liquidity Corp., will begin providing customer service for federal loan borrowers.

The U.S. Department of Education is transferring a portfolio of 200,000 federal student loan accounts to Aspire. The expansion has already led to 60 new hires, said Norm Nielsen, Aspire board chairman, in a news release.