National Collegiate - which includes 15 trusts that hold 800,000 private student loans - has brought tens of thousands of lawsuits in the past five years against borrowers who have fallen behind on their loan payments.
At least $5 billion in private troubled student loans may be dismissed because paperwork that proves loan ownership is missing.
Northern Lights may be visible Sunday night in Puget Sound area
The agency's prediction puts Iowa and other parts of the Midwest in the area most likely within the extent of the aurora. A geomagnetic storm watch has been issued for July 16th and 17th from the Space Weather Prediction Center .
One of the biggest holders of private student loans appears to have flunked Bookkeeping 101-and that could be very good news for a lot of borrowers.
ESPN To Televise Live OJ Simpson's Parole Hearing This Thursday
Yale Galanter, a former Simpson attorney, told the Daily News that Simpson has behaved well during his nine years in prison. However, it's important to note that Simpson was found liable for the deaths of Brown Simpson and Goldman in a civil trial.
A recent legal filing by National Collegiate's lawyers stated the following, "As news of the servicing issues on the trusts' inability to produce the documents needed to foreclose on loans spread, the likelihood of more defaults rises".
In a review of court records, the newspaper found several similar cases contain incomplete ownership records, as well.
Delta fires back at Ann Coulter after she rages about seat reassignment
Dolphin Tale actress Austin Highsmith contrasted Coulter calling people "snowflakes" versus her Twitter complaints. Ms Coulter's more than 30 tweets include insults to the passengers, flight crew, Wifi, and corporate employees.
Some borrowers say the company has sued them trying to collect on high-interest loans that they never even took out. The debt passed through too many hands before reaching National Collegiate's trusts, and imperative paperwork that documented who owned the loans disappeared. Of the almost 50% of respondents who reported having a 401 (k), almost one-quarter said they would prefer student loan assistance over their 401 (k) plan. Disorganized or missing paperwork has made it hard for National Collegiate to prove it does indeed own the defaulted loan it's demanding repayment on.