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Podcast: The College Investor Audio Show
Episode: Student Loan Borrowers Get Balance Adjustments After SAVE Interest Error
Description: Student loan borrowers in the SAVE forbearance may be getting some relief. Borrowers are reporting that when they login to their online accounts there is a new message: “Your Account Balance was Adjusted.”The notices, now appearing in some borrowers' portals, state that loan servicers recently conducted a review and made changes based on SAVE administrative forbearance and a 0% interest period. For many, the message comes after nearly a year of confusion and concern over balances that appeared to grow despite federal guidance that interest was paused.Yet even as the notices roll out, some borr...