Conduent Education Services, a federal student loan servicer, has agreed to pay $9 million to settle claims that it steered borrowers away from less expensive loan repayment plans in favor of costlier options, state regulators announced Friday.

Borrowers eligible for restitution from the company are expected to receive between $100 and $450 in the first settlement under the administration of new Attorney General Letitia James. The state Department of Financial Services was also involved in the settlement.