The Problems Of Student Loans

When it comes to discussing student loan debt collection, a good place to start is to talk about money - specifically, the financial incentives that the U.S. Department of Education provides to third-party debt collection agencies. Because of the Department of Education's compensation structure, debt collectors are financially rewarded for collecting the original minimum payment, and are only paid a flat fee for modifying student loans or moving borrowers into restructuring or relief programs.

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