The biggest loan shark?

That would be the state of New Jersey. It is so concerned with its reputation with the financial world that it will do almost anything to collect. For example, repayments cannot be adjusted based on income, and borrowers who are unemployed or facing other financial hardships are given few breaks. Plus, it carries higher interest rates than similar federal programs. It can garnish wages, rescind state income tax refunds, revoke professional licenses, even take away lottery winnings — all without having to get court approval.