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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Student Loan Collection Firm Opening New Office and Staffing Up
22 May 2007
Obama Backs Placing Student Loans Under Government Control
16 May 2007
House Adopts Crackdown on Student Loan Business
10 May 2007
Private Equity Legend Enters the ARM Industry - Big Time
1 May 2007
Probe Launched on Sallie Mae Collection Tactics
27 April 2007
Executive Changes: Torby Love and Brenda Sisk to Account Control Technology
26 April 2007
NY AG Testifies Before House Committee On Student Loan Industry
26 April 2007
GC Services Wins Collection Awards from Sallie Mae and Nissan
25 April 2007
Sallie Mae Collection Revenue Up to $65.5 million in Q1
24 April 2007
NY Sues One School, Settles with Four in Student Loan Probe
20 April 2007
Paper: Sallie Mae Sale Could Result in Breakup of Debt Collection Units
20 April 2007
BYU to Report Credit Delinquencies to Credit Bureaus
18 April 2007
New York Brings Other States Into Student Loan Probe
18 April 2007
Dept of Ed to Hold Forum for Collection Contract Hopefuls
17 April 2007
Group to Buy Sallie Mae for $25 billion; JP Morgan and Bank of America Involved
16 April 2007
NY Times: Sallie Mae in Talks to Go Private; Potential $20 billion Deal
13 April 2007
Sallie Mae Settles with NY AG in Student Loan Probe; to Pay $2 million
12 April 2007
College Officials Owned Stock in Student Loan Lenders
6 April 2007
Settlement Reached in New York Student Loan Probe
3 April 2007
Sallie Mae Comes Under Pressure from Both Parties
27 March 2007
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