Score dropped 41 points today after Dept of Ed changed terms of all student loans

[Anonymous]

Has anyone seen a drastic credit score decrease since Dept of Ed made an automatic change to the terms of all student loans?  I received emails from my loan providers that loans were automaticallydeferred or placed in forbearance until September of 2020.  Today, I received an alert that my score decreased 41 points after 2 loans reported to bureaus.

Hoping this get resolved quickly as the last thing anyone needs is for scores to decrease because of this. Tried to file a dispute online with Transunion but it won't go through "unable to process transaction at this time".

[Anonymous]

Which score dropped the 41 points? What source or site did the score come from?

[susantrexel]

I have not experienced this but I have loans through Mohela that are federal which report as like 7 different loans even though it is one payment. I came on here to see how the administrative forebearance is affecting scores. I paid my March payment but I'm no sure if that makes a difference. I haven't noticed a drop in my scores from this yet.

[bzbigsis]

This happened to me as well. I spoke to an Equifax rep who said that this is widely known and that it is not negative reporting, just a lower score. You can imagine my rage.