Most people don't seem to like their student loan servicer — and for good reason. Here are the 10 most common student loan servicer mess-ups and why they happen.
In today's 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's income is a bad idea
- How to find out the repayment plan you're actually on
- Why you shouldn't wait on Public Service Loan Forgiveness (PSLF)
- Why you should use your tax returns to report your income
- How "paid ahead" 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' role in bad student loan servicing
- Why the government won't spend on better loan servicing
- What incentives might improve student loan servicing
Full show notes at: http://studentloanplanner.com/36
