Can anyone explain to me how the government completely evaporates the major pipeline of Federal Student Loans Providers yet their stock prices are up and they are still able to securitize private student loan debt.
I can think that maybe these companies can compete for the servicing rites. I can also think that they were able to offload a lot of the shitty debt that may be traced back to schools like many of the online universities but why is the stock prices up for the likes of SLM, NNI, and STU.
I can also say that from an insiders perspectives these loans are going to season very poorly from the stand point that many borrowers have the ability of using up to 6 years of deferment and forbearance so this delays the true default rate.
What did they write into that new bill that is boosting the stock prices of the student loan providers
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