Federal Student Loans: Oversight of Defaulted Loan Rehabilitation Needs Strengthening
Description:
Testimony issued by the Government Accountability Office with an abstract that begins "The Department of Education (Education) relies on collection agencies to assist borrowers in rehabilitating defaulted student loans, which allows borrowers who make nine on-time monthly payments within 10 months to have the default removed from their credit reports. Education works with 22 collection agencies to locate borrowers and explain repayment options, including rehabilitation. From fiscal years 2011 t…
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Date:
March 12, 2014
Creator:
United States. Government Accountability Office.
Item Type:
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Partner:
UNT Libraries Government Documents Department