What to do if your credit score drops after student loan forbearance - Business Insider

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Federal student loan borrowers should check their credit reports

as of March 13 through September. Automatic monthly payment deductions were stopped, and federal loans stopped accumulating interest.

stated on its website, "The Department of Education will report suspended payments to the national credit bureaus as though they were on-time payments."that over 5 million borrowers with federal student loans in forbearance had incorrect information on their credit reports after a reporting error by student loan servicer Great Lakes, one of the 11 companies that manages and services federal student loans.

 

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studentloans

student loans are the biggest detriment to progress humanity has going. The government shouldn't be trying to make a profit off the people they rely on to keep the economy going. Bankerica the land of interest and debt. Used to be the brave and the free. So sad to see.

Can they cancel it while they’re at it? Asking for a friend

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