MISMANAGEMENT: Unrepaired Education Department System Leaves Thousands Stuck in Default. “Four months after The Chronicle broke news of widespread problems with the Education Department’s new debt-management system, tens of thousands of defaulted borrowers remain in financial limbo, unable to clear their credit histories. Meanwhile, delays in issuing wage-garnishment orders continue to cost the government millions in lost recoveries each month.”
UPDATE: Reader Chris Smith emails: “It’s easy to forget this, but the take-over of student loan underwriting was one of the first things enacted in the Affordable Care Act. I just want to hammer that home.”