“These companies” are the US Federal government, at least for undergraduate loans. The Department of Education took over all federally guaranteed loans (the vas

“These companies” are the US Federal government, at least for undergraduate loans. The Department of Education took over all federally guaranteed loans (the vast majority of undergraduate loans) almost a decade ago. They’re only serviced by private companies, who wouldn’t need a bailout; it would only be the taxpayer on the hook.