Bloomberg Again Highlights Student Loan Debt Collection
After writing a trifecta of compelling reports on student loan debt collection practices, John Hechinger at Bloomberg is delving more deeply into another aspect of student loan debt collection, namely...
View ArticleNYT Shines Light on Student Loan Debt Collection
Andrew Martin at the New York Times reports that, while debt collection agencies are rubbing their hands in glee at the defaulted student loan goldmine, there is zero incentive to help consumers who...
View ArticleA New Look at Student Loans
In The Daily Beast, NYU Professor Andrew Ross takes a stance that should make college admissions officers, the federal government, and student loan debt collectors blanch. Essentially, he says that...
View ArticleA Peek into the Future of the Debt Collection Industry
Debt collection industry publication InsideARM recently ran an article that bemoaned the downturn in delinquent credit card debt (a good trend for consumers, but a bad trend for debt collectors), and...
View ArticleFederal Legislation May Put Student Loan Debt Collectors Out of Business
When a debt collection agency is awarded a contract from the U.S. Department of Education to collect on student loan debt, it’s like hitting a gold mine. Student loan debt collection is literally a $1...
View ArticlePay as You Earn Student Loan Repayment Program Starts Today
We’ve often discussed the arrangement the U.S. Department of Education has with debt collection agencies to collect on federal student loans. A new repayment program starts today, December 21, that...
View ArticleStudent Loan Debt Collectors Haul in Bonuses
As we’ve often discussed, student loan debt collection is big business. Debt collection agencies covet Department of Education contracts, and the government has contracts with 17 large debt collection...
View ArticleCFPB Pushing Refinance Plan for Private Student Loans
The New York Federal Reserve reports that student loan debt is an enormous burden – $966 billion at the end of 2012. Moreover, that number is contributing to the lack of economic growth, evidenced by...
View ArticleStudent Loans, Tragedy, and Forgiveness
Understandably, parents often readily agree to cosign their child’s student loans for college. After all, who wouldn’t want their children to be able to attend college and achieve their goals....
View ArticleSenate Fails (Again) to Prevent Stafford Student Loan Interest Rate from...
Republicans in the U.S. Senate voted as a bloc to prevent a bill that would keep Stafford student loan interest rates at 3.4%. As of July 1, Stafford student loan interest rates doubled to 6.8%....
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