Student Loan Servicer Steered Some Borrowers To Higher-Cost Plans, Government Says
Yes. We know. However, a larger problem than student loan servicer's deceptive practices and even the government not holding servicers accountable for their actions is that students are automatically put on a high-payment standard (10-year) repayment plan. If you are in a plan with payments you cannot afford, please find out about Income-driven repayment plans. Feel free to ask any questions here, too.