Student loan borrowers see unexplained debt payment increase

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Some student loan borrowers have recently accused a company of miscalculating their loan payments and raising the prices.

in regard to contacting MOHELA."I've actually filed a complaint on one of those people who tried to routinely use all the levers of power."

According to Babulski, prior to the pause on payments his monthly amount was around $180, and this miscalculation on MOHELA has raised his payments to over $200. Babulski toldthat under the current SAVE income-driven repayment plan, the increase in the poverty line would result in his payments being $0."Prior to the pause my payments were ~$80. Mohela has my payment at over $1300," X user Kelly Nicole Long wrote in a post.

X user casey_danforth wrote,"Under SAVE my student loan payment amount is exactly the same as it was prior to the changes. It makes absolutely no sense, I even calculated what it would be on the FSA, which is half of what I am being charged." Under SAVE my student loan payment amount is exactly the same as it was prior to the changes. It makes absolutely no sense, I even calculated what it would be on the FSA, which is half of what I am being charged., Babulski said,"This is the time for the Biden administration to go big and go bold...there's just been crickets from the Department of Education on this."

 

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