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Talks with lenders concerning changes to its loan facilities were ongoing, it said.
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The Royal Bank of Scotland, which is 81 percent owned by the British government, is struggling under the weight of bad loan provisions and changes to its senior management.
In response, the administration last month recommended that the Education Department make numerous changes to how its loan servicers interact with borrowers.
Last month, Euro Disney skirted bankruptcy when creditors agreed to changes in its loan obligations, canceling some, after a tense month of negotiations.
An IndyMac approach, with its emphasis on permanent changes to a loan's terms, is also superior to ad hoc anti-foreclosure efforts of the past year that have focused on offering catch-up repayment plans.
And while he likewise advises borrowers not to switch jobs before the closing date, lenders can sometimes make adjustments without making changes to the loan terms.
Fed Proposes Changes To Key Loan Facility.
"We've made a variety of changes to improve loan servicing, and we're constantly monitoring our servicers.
The tool doesn't actually accept applications for changes to your loans.
He foreshadowed changes to concessional loans to "better fit" the needs of dairy farmers.
The Budget Control Act, signed by Barack Obama to end the federal debt-ceiling crisis in August 2011, had buried in its paperwork a series of changes to loans to graduate students.
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