When Did the Government Take Over Student Loans?

Answer The government proposed, but has not taken over student loans as of early 2010. Sallie Mae, a publicly traded company, is the nation's largest student lender with $22 billion in loans for 2009. Ten... Read More »

Top Q&A For: When Did the Government Take Over Student Loans

What Loan company will take over my federal student loans when the loans are in default?

When your federal educational loans are in default, you have several options:You can repay the loan in full.You can negotiate a new payment plan with your lender.You can "rehabilitate" your loan.Yo... Read More »

Can the government take my social security check for past student loans?

They can't take all of it, but yes they will garnish a certain percentage of it. Like 15% or something.

When you take out Student Loans, are you suppose to directly get the money?

You are correct. Student loans go straight to the school to pay for your tuition, books, etc.Is there such a thing as you never seeing the money? Certainly. It is entirely possible that you woul... Read More »

How to Learn About US Government Student Loans?

The federal government is responsible for disbursing most of the financial aid that helps send millions of Americans to colleges and universities each year. Federal government aid is distributed to... Read More »