Over 300,000 student loan borrowers received wrong repayment information: Education Department

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Rachel Schilke is a breaking news reporter at the Washington Examiner. Originally from Frankfort, Illinois, she graduated from the University of Iowa in May 2022 and served as a managing editor at the Daily Iowan with a focus on crime and courts and local government. Follow her on X: @rachel_schilke.

Over 300,000 people who took out student loans were given incorrect information on their repayment plans after debt payments resumed at the beginning of October.

Some of those affected include borrowers who are in the new income-driven repayment plan launched by the Biden administration. Because of this, borrowers have reportedly been facing additional problems when repaying their loans for the first time in more than three years, including customer service problems with their new loan servicers.

 

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