Business Insider
US · 1 hrs ago
Millions of student-loan borrowers risk facing debt collectors who were penalized for 'misleading' behavior
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Millions of student-loan borrowers risk facing debt collectors who were penalized for 'misleading' behavior
A partnership with the Education and Treasury Departments brings back private companies to collect on defaulted student loans.
SAUL LOEB/AFP via Getty Images
Private student-loan collectors penalized for claims of misleading behavior could work with borrowers again.
It's part of Trump's transfer of defaulted student loans from the Education Department to the Treasury.
It could expose borrowers to high collection fees and repayment challenges.
Private companies penalized for their student-loan
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