Student-loan borrowers faced 3.9 million billing errors after entering repayment, a new report from 4 Democratic lawmakers says [Business Insider]
Nelnet, Inc. (NNI)
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Source: Business Insider
It found borrowers faced 3.9 million in "billing-related errors," including incorrect payments. The lawmakers called for Biden to include a debt relief option for borrowers harmed by servicer errors. Lawmakers have highly scrutinized the return to repayment for millions of student-loan borrowers in the fall. A new report from a group of Democrats offers the latest look into how borrowers fared during the transition. On Wednesday, Democratic Sens. Elizabeth Warren, Richard Blumenthal, Ed Markey, and Chris Van Hollen released a report on student-loan servicer errors amid the return to repayment. Exclusively viewed by Business Insider, the report said servicers made over 3.9 million "billing-related errors" once repayment resumed. That's based on data from the Education Department and servicer audits that included over 3 million delayed billing statements from the four major servicers , 280,000 miscalculations for borrowers converting to the SAVE income-driven repayment plan, an
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News
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NNI
Earnings
- 2/27/24 - Miss
NNI
Sec Filings
- 4/30/24 - Form 8-K
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- NNI's page on the SEC website