Student Loan

Consumer Debt for College Education

Since 2005 BAPCPA, can't escape via Bankruptcy.

It turns out that two of the nation’s biggest banks own debt collection agencies that have contracts with the Department Of Education to collect on federal student debt that’s gone bad: NCO Group, owned by OneEquityPartners, the Private Equity arm of J P Morgan Chase and Allied Interstate, owned by Citi Venture Capital International, the Private Equity arm of CitiGroup.

SallieMae is the largest holder by far.


Edited: |

blog comments powered by Disqus