POLITICSBUSINESS INSIDER
The 3 things student-loan borrowers told us are confusing them the most right now
Student-loan borrowers are navigating confusion stemming from repayment changes that took effect on July 1, resulting from an overhaul. Borrowers have reported encountering inaccurate bills and payment glitches, while the transition away from the SAVE plan has complicated budgeting efforts due to confusing notification processes. Furthermore, the Department of Education confirmed instances where borrowers received incorrect payments or were wrongly notified of past-due statuses.
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Adjacent reporting
- Student loan borrowers face glitches and misinformation ahead of major July 1 changes, advocates say
- Student-loan borrowers face major changes that start today. Your repayment plan may be phased out.
- Some student-loan borrowers mistakenly received past-due notices. Correction emails are coming.
- 'A bunch of red tape': Student-loan borrowers can't get clear answers from the companies that manage their debt
- As student loan repayments restart, Virginia sees increase in borrower defaults