For private student loans, they are just like any other consumer credit contract. (consumerlawyer.mn)
Section 5-19-23 License to engage in business of making consumer loans or taking assignments of consumer credit contracts — Revocation or suspension. (creditrepairreview.com)
Check your credit contract for the following language: Notice: Any holder of this consumer credit contract is subject to all claims and defenses which the debtor could assert against the seller of goods or services obtained with the proceeds hereof. (consumercredit.com)