Scott Buchanan, government director of the coed Bank loan Servicing Alliance, a trade team for federal college student bank loan servicers, denied that the businesses profit by veering from The federal government's orders.

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"There is certainly each economic damage and psychological hurt of currently being in debt for decades, especially when it appears like there is not any hope that it's going to ever be repaid," explained Persis Yu, deputy govt director at the Student Borrower Safety Centre.

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