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Thousands of student loan borrowers receive inaccurate monthly bills

An estimated 305,000 people initially received federal student loan bills with the wrong amount – many with charges higher than they should be – when payments resumed this month after a three-plus-year pause.

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Student loan bill errors: Thousands of borrowers were charged the wrong amount

Many of the borrowers received bills with charges higher than they should be. The Department of Education identified the errors and directed student loan servicing companies to place the impacted borrowers in an administrative forbearance during which they are not required to make payments.

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About 305,000 student loan borrowers got bills with wrong amounts

An estimated 305,000 people initially received federal student loan bills with the wrong amount – many with charges higher than they should be – when payments resumed this month.

Department of educationInstitute of student loan advisorsBetsy mayotteStudent loan advisorsValuable educationUs department of educationBill errorsNcorrect student loan billsStudent loan payments resumeStudent loan repaymentStudent loan servicersStudent loansRong student loan bills

About 305,000 student loan borrowers got monthly bills with the wrong amount

About 305,000 student loan borrowers got monthly bills with the wrong amount
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A glitch is giving student loan borrowers the wrong amount to pay

Here's how to know if you're paying the wrong amount

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