3 ms·
The switch to non-dischargeable loans came along with cutting banks out of the federal student loan system. Non-dischargeable loans are issued and owned by the
by vonmoltke 7y ago
The switch to non-dischargeable loans came along with cutting banks out of the federal student loan system. Non-dischargeable loans are issued and owned by the Department of Education, and only them.
- pnutjam 7y agoThis predated that change. Sallie Mae use to directly fund student loans, now Navient only manages them for the Dept. of Ed. Edit: forgot to say non-dischargable goes back way before that switch. I have personal experience around 2001, but I'm pretty sure it goes back to the 80's.