“Roughly 85 percent of outstanding student loan debt is owed to the federal government. The remaining 15 percent that’s counted as private student debt is owed to various non-federal lenders, ranging from banks to loan companies like Sallie Mae Corp. to non-profits and state-affiliated agencies (under the Durbin bill, loans from any government-funded entity still wouldn’t be dischargeable, only those from truly private lenders).”
This story about student loans was in the paper today (Peoria Journal Star)
Tag Archive | "private lenders"
Sen. Durbin: Why Is It Ok With Him To Let Private Lenders Get Cheated, But Not The Government?
Posted on 27 April 2012.
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