The power and reach of the student loan industry stacks the odds against borrowers
He pays for all of our utilities, all of our bills. Because at the end of the day, I don’t have anything else to give him, she said. The shadow of her debt hangs over every discussion about their wedding, mortgage payments, and becoming parents.
Navient doesn’t just service federal loans, it has a hand in nearly every aspect of the student loan system. It has bought up private student loans, both servicing them and earning interest off of them. The company also owns controversial subsidiary companies such as Pioneer Credit Recovery that stand to profit from collecting the https://getbadcreditloan.com/payday-loans-ks/abilene/ debt of loans that go into default.
And just as banks have done with mortgages, Navient packages many of the private and pre-2010 federal loans and sells them on Wall Street as asset-backed securities. Continuar leyendo: “The power and reach of the student loan industry stacks the odds against borrowers” →
Publicado el 18/3/2022 Categoría Kansas_Abilene payday loans.
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