Colleges are not in the business of charity, and the reason we know that, is because most colleges charge good money for their curriculum to their students. Unfortunately, wisdom and prudence is not something that we born with, it is more something that is developed over a period of time, and for some of us, it is never developed at all. Too often in America, higher education exploits its students, by convincing them and providing loans to them, of such staggering amounts, that common sense is completely left out of the equation. The fact of the matter is, many students do not have a real grasp or conception of just how expensive their education will be for them, how slippery the slope is for their student loans, nor do they properly understand the ramifications of becoming indebted at such a young age for such a large amount of money, yet, the result will be that it is their life, their lifestyle, their credit, and their pocketbook that will be effected by these earlier decisions.
Most students believe that the loan that they take out will always be between them and their college of choice, in which, perhaps these students feel that since the college knows them, and that these students know personnel within the college, a relationship has been developed, and whatever transpires, there is a good chance that a happy medium, in one form or another, one way or another, will or has been achieved. Unfortunately, that isn't the way many colleges are structured, for whatever reason, some colleges are not structured to collect on the loans that they have issued, and therefore preferred to have those loans processed and served by a third party that specializes in debt; additionally, there are colleges that are forced or compelled to sell their loans, in order to free up money to make additional loans to new students that are coming onto their campus. In any event, the selling of student debt to debt collectors that specialize in collecting this sort of debt is part and parcel of the way this game is played.
Once your debt has been sold, there are additional problems that a former student most contend with, such as the fact that inevitably the debt amount has increased and will continue to increase because of added penalties and fees that the debt collector tacks on. Moreover, whereas your college campus previously may have been seen as both your friend and confidant, your new debt collector is neither one, and any calls or communication made by you to your college campus will be of no avail, since your debt is now out of their hands and into the hands of the debt collector. The debt collector only has one purpose in contacting you, again and again, and that is to collect the money or to start a program to collect the money and they will often be relentless in doing so, because your money fuels their business model.
The bottom line is, like slavery of old, you have been sold, and your new master, doesn't care whether your education was of value or not, doesn't care about your current job pay or personal situation, but simply is after the money, and doesn't much care about anything other than that. Your failure to pay your new master, will ultimately mean the destruction of your credit rating, as well as the strong possibility that any State or federal tax refunds you are entitled to will instead be allocated to pay that student debt from yesteryear.