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- 1Borrowers Say Canceled Student Debt Is Still Haunting Them●Student Loan Borrowers Allege Canceled Debt Is Still Trailing Them
Borrowers say student debt that was officially canceled is still being reported as outstanding, following them on credit records and collection notices. The Wall Street Journal reports complaints that canceled balances have not been cleared, leaving borrowers to fight errors with loan servicers and credit bureaus long after relief was granted.
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The Supreme Court has taken up litigation concerning the SAVE income-driven student loan repayment plan and the federal student aid database behind it, putting billions of dollars in borrower balances back in question. The case tests the Education Department's authority to restructure repayment terms. Borrowers, servicers and policymakers are watching closely for how the ruling would reshape repayment options nationwide.
- 3Two student loan borrowers sue Department of Education over credit damage▼Two student loan borrowers suing Department of Education over credit issues
Two federal student loan borrowers are suing the US Department of Education, saying loan servicing failures and misreported payment records have damaged their credit scores. They argue the department is responsible for errors passed on to credit bureaus, and the case could affect how millions of borrowers' loans are reported and disputed.