The current system heavily favors high pressure collection and collector profits, to the detriment of financially distressed borrowers seeking the help they so desperately need. (studentloanborrowerassistance.org)
For many critics, this is proof that the student loan system needs to be revamped in an effort to do more for distressed borrowers. (studentloans.net)
There have been many government loan programs that have attempted to help distressed borrowers with underwater refinancing but very few have succeeded. (bdnationwidemortgage.com)