Today, just about everyone involved in the student loan industry makes money off students – the banks, private investors, even the federal government.
James B. Steele
Posted inMoney and Politics, U.S. Education
How a small-time company became the ‘Wal-Mart of debt collection’
Once a family-owned firm, NCO Financial Systems moved into the student loan collection business in 1996 and began buying up other debt collectors – before the Federal Trade Commission cracked down.
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