Shocking Report Shows Complete Mismanagement Of Your Student Loans

A new, shocking report shows complete mismanagement of your student loans.

Here’s what you need to know – and what it means for your student loans.

Student Loans

An investigation from NPR has uncovered major mismanagement of student loans for at least 9 million student loan borrowers. According to the report:

As of 2021, only 32 people have received student loan forgiveness through income-driven repayment plans, even though 4.4 million student loan borrowers are enrolled;
Some student loan servicers weren’t tracking student loan payments properly and didn’t know when student loan borrowers qualified for student loan cancellation;
The mismanagement of student loans particularly hurt financially vulnerable, low income student loan borrowers;
Student loan payment history was lost when student loans were transferred to different student loan servicers; and
Some student loan servicers took months or years to correct mistakes on student loan borrowers’ student loan accounts.

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