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31
dcmeek
if a collection agency has your loan.... you can't speak to DOE directly about your account.... they have essentially sold it to a third party... trust me I know ..... I've been going through this for years....i'm just getting in the clear now.... I think..... don't get frustrated... just ignore them if they're rude... SHHH.... here is the trick.... just like any other collection agency they have a limited time to get traction on the bad debt they just bought...occasionally the loan will be sent back to direct loans while it waits to be transfered to another company..... try to catch your account when it is back with the originator...keep checking....
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32
HR Manager
I hate when these collections people call my work trying to harrass my employees. They will not get through when these people are working EVER!!! I will not call someone away from doing their job in order to speak with some blood sucking bill collector that usually uses illegal practices in order to get people to pay in the first place. Get them at home or don't get paid!
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33
drixxle
Bush-Cheney unleashed wholesale DEREGULATION of privatized LOAN SCAMMER CORPORATIONS.  These companies make huge profits on the
backs of STUDENTS.  There should be NO PRIVATIZED student LOAN SHARKS allowed to KEEP STUDENTS IN DEBT and keep them from starting careers as a result of CORPORATE PROFITEERING on students' backs.  
The corporate guys running the privatized profiteer LOAN SCAMS should be in jail, but they buy out congress, senators. Nobody's lobbying for students and their parents whose money enriches the LOAN SCAMMER CORPORATE PROFITEERS.

http://www.usatoday.com/money/perfi/college/2 ... oans-usat_x.htm
http://toughmoneylove.com/2009/04/21/private- ... prepare-battle/
http://www.nytimes.com/2009/04/13/us/politics/13student.html
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34
drexelle
Some of the writers do work for the privatized corporate student loan
industry that has been deregulated by Republicans to the point of criminality.
These deregulated bankers, collection agencies threaten and steal (huge % interest-- "surprise"!) from students.  

Privatized student loans should be banned. No gov't subsidies should be given money-grubbing corporations.

US Government should control the student loan program with a 3% cost overhead instead of the private corporate profiteers taking 45% or more of the loan payment as profits for themselves.   Loan corporations laugh all the way to
the bank while our students go bankrupt.
Latest comments
35
drexelle
Some of the writers do work for the privatized corporate student loan
industry that has been deregulated by Republicans to the point of criminality.
These deregulated bankers, collection agencies threaten and steal (huge % interest-- "surprise"!) from students.  

Privatized student loans should be banned. No gov't subsidies should be given money-grubbing corporations.

US Government should control the student loan program with a 3% cost overhead instead of the private corporate profiteers taking 45% or more of the loan payment as profits for themselves.   Loan corporations laugh all the way to
the bank while our students go bankrupt.
Latest comments
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