Summary:

• Millions of federal student loan borrowers have returned to repayment after the end of the Covid-era forbearance in October 2023.
• The transition back to normal billing has been problematic, with widespread issues among student loan servicers.
• These issues have resulted in delays, payment errors, and difficulties for borrowers.
• The Consumer Financial Protection Bureau (CFPB) and other organizations are scrutinizing the student loan servicing system to address these problems.

Hot take for physical therapists:

The challenges faced by student loan borrowers in the transition back to repayment after forbearance also apply to physical therapists who are dealing with student loan debt. It is important for physical therapists to be aware of potential issues with their student loan servicers and stay informed about any changes or problems in the repayment process. Seeking support from organizations like the CFPB or speaking with a student loan planner can help physical therapists navigate the student loan servicing system and address any problems or concerns they may have.

Reference Article https://www.studentloanplanner.com/student-loan-servicer-problems-continue/