[Celarnor]

Doesn't matter to the lenders, they've already written off the loan and reassigned it to government student loan debt collection at SLM.

This licensing thing is something the government can do when the loan gets reassigned to it during collections. They do other stuff, too. If you have property, they can put a tax lien on it. They can seize your tax refunds or any cash benefits disbursed by federal government programs, like Social Security. Pretty much, if there's something "government" can do to screw you over because you can't afford your loans, they do.