Joshua Mandelman made $454,000 in a single year as a student-loan debt collector - more than twice the pay of the U.S. secretary of education . His boss, Richard Boyle, chief executive officer of Educational Credit…
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Link to Fitch Ratings' Report: The Student Loan Report Cardhttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=677653
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Lucrative incentives paid to federal student-loan collectors are sparking criticism that not-for-profit loan-guaranty agencies are reaping a bonanza from the troubles of former students. USA Funds, the largest guaranty agency, is based in Indianapolis.
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Are you drowning in student loan payments? Talk to experts about student loans, financial aid and scholarships during a live chat now.
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