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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EFT Network Applies to Expand Fed Forward Service
12 September 2006
JP Morgan Chase to Purchase Collegiate Funding Services for $633 million
12 September 2006
Dep of Ed Honors Top Collectors
12 September 2006
Collegiate Solutions Enters the Student Loan Market
12 September 2006
Sallie Mae Wins Award for Family Friendly Policies and Benefits
12 September 2006
Supreme Court to Allow Social Security Collections in Delinquent Loans Case
12 September 2006
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