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Student Loans: Borrower Default, Rehabilitation, Federal Terms and Conditions (Education in a Competitive and Globalizing World)

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 | #11349937 in Books |  2014-08-20 | Original language:English |  9.00 x6.00 x.75l,.74 | File type: PDF | 136 pages

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The Department of Education (Education) relies on collection agencies to assist borrowers in rehabilitating defaulted student loans, which allows borrowers who make nine on-time monthly payments within 10 months to have the default removed from their credit reports. Education works with 22 collection agencies to locate borrowers and explain repayment options, including rehabilitation. From fiscal years 2011 to 2013, Education collected about $9 billion on over 1.5 millio...

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