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Debt collectors work with universities, colleges and private lenders to collect student loans. For education loans backed by the federal government, the U.S. Department of Education has a clearly-defined collection program that uses private collection agencies. Recent changes in federal law will shift all previously federally backed loans to direct loans from the federal government, cutting private lenders out of the equation.

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Allied Interstate and ConServe Top Student Loan Collection Contract in November

19 December 2008

Consumer Credit Drops $3.5 billion in October

8 December 2008

Government to Spend $200 billion to Unclog Consumer Lending Market

26 November 2008

Shakeup at Top of ED Debt Collection Competition in October

25 November 2008

Sallie Mae to Hire 1,100 at New Credit Operations Center in Delaware

21 November 2008

ED Collector Premiere Credit Adding 300 Jobs

13 November 2008

ConServe Named to Rochester?s Top 100 List

5 November 2008

USA Funds Outlines Options for Student Loan Payment Relief

5 November 2008

Sallie Mae ARM Unit Posts Loss, Sells UK Debt Buying Operation

29 October 2008

End of Quarter ED Collection Results Offer No Surprises

21 October 2008

USA Funds Supports $17.2 Billion in Student Loans

15 October 2008

Private Student Loans Hard to Get in Credit Crunch

13 October 2008

LINK Financial Launches Brand Dedicated to Student Loan Servicing

10 October 2008

ED Collection Contract Award Pushed Back Again

7 October 2008

SoundBite Helps Student Loan Industry Improve Response Rates From Borrowers

2 October 2008

Cost of Living, Not Debt, is the Biggest Issue Facing Young Adults

25 September 2008

Executive Change: Dean Richardson to ACT as Director of Client Services

24 September 2008

Executive Change: Sallie Mae Names New Chief Credit and Lending Officers

23 September 2008

ED to Delay New Collection Contract Award Announcement

17 September 2008

Pioneer Credit and Premiere Credit Top ED Collection Contract in August

16 September 2008

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