Anonymous wrote:Much of the problem is student loan servicers. They’re the biggest liars. I have been a government employee for 3 years. My employer was paying my loan before the pandemic. My loan servicing company just informed me that I get no credit for their 3 years of payments because I wasn’t in the proper payback category. Like WTF?!
Loan servicing is a for-profit business that makes money by screwing with borrowers.
Not surprising given these loan servicers were basically shady debt collectors before Obama brought student loans back under the federal government. Before that happened, these companies would push borrowers into default so they could tack on "debt collection fees" as well as a percentage of the whole student loan debt then force the fed gov to buy back the loan + fees. They siphoned untold millions from the federal government just to run lazy call centers with untrained staff.