Student-loan borrowers are facing 'drastic changes' to repayment that require lawmakers to step in, 89 organizations say
Nearly 100 organizations are calling on Congress to hold an "emergency hearing" in light of major student-loan repayment changes over the past months.
An emergency hearing is being requested by 89 organizations following changes to student loan repayment plans. The groups, including advocacy groups, unions, and nonprofits, claim borrowers have experienced errors and glitches with their repayment following President Donald Trump's overhaul. The letter to Congress cites confusion over new repayment amounts, erroneous notices of loan delinquency, and lost payments toward the Public Service Loan Forgiveness program.
The groups argue that Congress must step in for accountability and oversight of student loan servicers and the Education Department, especially as the federal student loan system undergoes multiple drastic changes at once.
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