"While the Department of Education debt collection contract has been one of the most highly sought after contracts within the ARM industry for years, I believe it is now THE most sought after contract within this industry, centered within the most sought after market – Student Loans. ...The great part is once you gain a sufficient amount of experience collecting on student loans in the private sector, you may be able to obtain a sub-contracting relationship with an existing Department of Education servicer and ultimately win the contract ... The student loan market is a $1 trillion opportunity for the ARM industry that is not going to decline anytime soon. And it produces debt that can’t be discharged in bankruptcy."
More drooling bankster talk after the jump!
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