BUSINESSBUSINESS INSIDER
'A bunch of red tape': Student-loan borrowers can't get clear answers from the companies that manage their debt
Student-loan borrowers report difficulties obtaining clear information from loan servicers, including long hold times, disconnected calls, and conflicting payment details. The Education Department claims it monitors servicer performance, but borrowers like Jessica Salmi, Jason Marques, and Robin Binkley describe struggles to navigate repayment plans and payment amounts.
Mentioned
Related Signal
Adjacent reporting
- Student loan borrowers face glitches and misinformation ahead of major July 1 changes, advocates say
- Thousands did not know what they were signing up for when they took out student loans, inquiry hears
- You are not alone in navigating student debt changes. Here is what you can do
- Federal student loan changes: what borrowers need to know and do right now