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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Study: Student Loan Default Rate Much Higher than Reported
24 October 2007
Sallie Mae Collection Revenue Down; Corporate Loss Reported
12 October 2007
Student Loans Unfazed by Subprime Mortgage Mess
9 October 2007
Moody?s Says ED Bill Will Impact Student Loans
2 October 2007
Sallie Mae Says Buyers Will Not Close Deal
27 September 2007
Sallie Mae Insists on $25 billion Buyout
20 September 2007
Select College Students Could See Loans Forgiven
13 September 2007
New Student Loan Bill Could Foul Sallie Mae Buyout
6 September 2007
Senators Go After Non-Profit Student Lender
25 July 2007
Sallie Mae ARM Revenue Flat in Q2; Debt Purchasing Exploding
17 July 2007
Sallie Mae Buyout Threatened by Student Loan Legislation
12 July 2007
Illinois to Sell $1.3 billion In Student Loans
28 June 2007
Sallie Mae?s $25 billion Takeover Clears Antitrust Hurdle
20 June 2007
Sen. Ted Kennedy Proposes Changes to Student Loan Industry
19 June 2007
NY AG Settles Student Loan Probe With Johns Hopkins University
15 June 2007
Executive Change: Gary Hopkins to GC Services' Student Loan Division
14 June 2007
ACS to Take $76 million Impairment Charge on Dept of Ed Contract
4 June 2007
Columbia University to Pay $1.125 million to Settle Student Loan Probe
1 June 2007
Sallie Mae CEO Steps Down; Replacement Named
23 May 2007
Sallie Mae Acquirers Announce Initiatives to Enhance Responsible Student Lending
22 May 2007
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