The CBO estimates that the government is indeed “on the hook” for about 93%[0] of ALL student loans, despite not necessarily being the originator or servicer.

The CBO estimates that the government is indeed “on the hook” for about 93%[0] of ALL student loans, despite not necessarily being the originator or servicer. There essentially is no such thing as a “private” student loan anymore. [0]: see sibling investopedia link