
Federal Borrowers Must Reapply Due to Loan Repayment Calculation Error
Thousands of federal student loan borrowers need to reapply for income-driven repayment (IDR) plans following a calculation error. This issue led to incorrect monthly payment amounts being communicated by the federal student aid system. The Department of Education identified that around 6,000 borrowers are affected. These borrowers received emails from Federal Student Aid (FSA) indicating […]
