The focus on private student loan lenders seems odd considering that $1 trillion out of the $1.2 trillion of outstanding student debt is public. I think a lot o

The focus on private student loan lenders seems odd considering that $1 trillion out of the $1.2 trillion of outstanding student debt is public. I think a lot of private student loan providers are great. For instance, SoFi often offers rates lower than that of Sallie Mae, but discriminates on the school and the major, which seems reasonable. There are other benefits such as the ability of former students to be able to default on their private debt. [0] http://www.consumerfinance.gov/newsroom/student-debt-swells-federal-loans-now-top-a-trillion/ http://www.consumerfinance.gov/newsroom/student-debt-swells-...