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A comment on Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says. Parent comment

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by vonmoltke on Wednesday December 11, 2019 @08:57AM (#21762308)
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.
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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by pnutjam on Wednesday December 11, 2019 @09:21AM (#21762536)
This 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.

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