10 most common student loan servicer mistakes
Most people don\u2019t seem to like their student loan servicer \u2014 and for good reason. Here are the 10 most common student loan servicer mess-ups and why they happen.
In today\u2019s episode, you'll find out:
- The 10 most common student loan servicer mess-ups
- Why servicers urge switching to Revised Pay As You Earn (REPAYE)
- How switching to REPAYE can hurt some borrowers
- Why inaccurate payment counts for loan forgiveness happen
- How to get your payment count fixed
- Why inaccurately reporting your spouse\u2019s income is a bad idea
- How to find out the repayment plan you\u2019re actually on
- Why you shouldn\u2019t wait on Public Service Loan Forgiveness (PSLF)
- Why you should use your tax returns to report your income
- How \u201cpaid ahead\u201d status happens
- Why servicers will sometimes put you in forbearance or deferment
- Why servicers will avoid answering questions
- Why servicers don't always tell you about your loan options
- How did loan servicing get this bad?
- Congress\u2019 role in bad student loan servicing
- Why the government won\u2019t spend on better loan servicing
- What incentives might improve student loan servicing
Full show notes at: http://studentloanplanner.com/36