Debt collectors work with universities, colleges and private lenders to collect student loans. For education loans backed by the federal government, the U.S. Department of Education has a clearly-defined collection program that uses private collection agencies. Recent changes in federal law will shift all previously federally backed loans to direct loans from the federal government, cutting private lenders out of the equation.
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Debt Collector Closes on Acquisition of For-Profit College Network, with Restrictions
3 February 2015
Account Control Technology Partners with Student Account Management Services, LLC
22 January 2015
ED's Student Loan Collection Contract to be Further Delayed for Large Companies
20 January 2015
Executive Change: Michael Matkowsky Joins Account Control Technology as Regional Account Executive
14 January 2015
Executive Change: Christopher Rezendes to Windham Professionals as Chief Sales and Marketing Officer
24 December 2014
Big Shifts in Debt by Age: A Very Literal Interpretation of Knowing Your Debtor
17 December 2014
CFPB Shuts Down Student Loan Debt Relief Scam as Senators Press ED on Loan Discharges
12 December 2014
Congressmen Urge Scrutiny of For-Profit College Sale to Debt Collector
5 December 2014
Account Control Technology Achieves No. 1 Performance Ranking on Student Loan Collection Contract
2 December 2014
Two Veterans Within Student Loan Collections Industry Join Forces to Start New Company
26 November 2014
Student Loan Guarantor, Owner of ED Debt Collector, Buying Corinthian College Campuses
21 November 2014
Executive Changes: ConServe Announces Managerial Promotions & Assignments
18 November 2014
POLL: How Safe is the Student Loan Collection Sector?
17 November 2014
U.S. Gov't to Test In-House Student Loan Debt Collections, Cutting Out Private ARM Firms
14 November 2014
Executive Change: Recovery Managements Services Welcomes Dan Exline as Chief Operating Officer
10 November 2014
Performant Financial Reports Q3 Earnings Dinged by Student Loan Collection Unit
7 November 2014
NCO Group Parent Closes on Sale of U.S. Third-Party Collection Unit
4 November 2014
Executive Change: ConServe Appoints Brandon Booker as VP of Operations
28 October 2014
Federal Agency CFPB Offers New Tools to Student Loan Borrowers in Financial Distress
16 October 2014
Share of Debt Types of Youngest and Oldest Consumers Changed Dramatically in Last Decade
8 October 2014