Editor’s Note:
Today we are running the last segment of the 15-part series on college-student-loan debt. (Thank you to onlinecolleges.net for putting this together.)
Loan collections have increased by 18%.
The methods the government uses to get borrowers to pay on their loans seem to be working, even if the debt collection agencies that carry them out aren’t providing the best service to borrowers. Collections in 2011 were 18% higher than the previous year, totaling about $12 billion.