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Thursday, January 2, 2014

Extreme Student Loan Collections

CRITICISM GROWS ON LOAN COLLECTION AGENCY: The Education Department’s main collection agency for federal student loans’ “pursuit of student borrowers has veered more than occasionally into dubious terrain,” according to the The New York Times. Among the questionable cases: Arguing against allowing a pancreatic cancer patient with medical and student debt to discharge her loans in bankruptcy. An argument that another borrower who spent $12 at McDonald’s hadn’t cut back enough on her personal budget. More from the article about the Educational Credit Management Corporation: http://nyti.ms/1dVz6yf

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