NAICU - Department's New Debt-Management System Leaves Some Students Stuck in Default

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Department's New Debt-Management System Leaves Some Students Stuck in Default

Chronicle of Higher Education

December 9, 2011

The new debt-management system, which tracks and manages more than $33-billion in defaulted student loans owed by more than three million people, is supposed to rehabilitate borrowers each month. It has not done so since August, and some frustrated debtors have stopped making payments on their loans, risking a second default.

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