Watch for Student Loan Errors
Some loan servicers may be dropping the ball on keeping you up-to-date on how much you may owe. By Kaitlin Pitsker, Associate Editor If you’re paying off student debt, you may not be able to rely on the company that manages your loan to help you select the best repayment option—or even give you accurate information about how much you owe. A recent report by the U.S. Department of Education’s Office of Inspector General found that the companies the department pays to manage and collect payments on federal student loans—known as loan servicers—failed to provide borrowers with accurate information about […]
