Student Repayment Solutions

FedLoan, the loan servicer for public servants in the forgiveness program, had given him a little parting gift: a delinquency report to the scorekeepers at Equifax, Experian and TransUnion that effectively wrecked his credit. Mr. Shafer was not late with his payments, though the three bureaus had him marked 120 to 180 days tardy. In fact, he had made extra payments in a bend-over-backward effort to make himself bulletproof in the eyes of the federal government and its agents. It didn’t work.

These stories are only going to continue to arise. When will these loan servicers be held accountable for making these borrowers lives a nightmare?

A Teacher’s Student Loans Were Forgiven. Then FedLoan Wrecked His Credit. Jed Shafer thought his work navigating the troubled public service loan forgiveness program was finished. He found out he was wrong when Lowe’s turned him away at the register.

Merry Christmas and Happy Holidays!