Story Brief

Some Federal Oversight That Protects Student Borrowers Has Stopped, Watchdog Warns

According to a new GAO report, the U.S. Education Department has abandoned key oversight of student loan servicers, including making sure companies give borrowers accurate information.

Last updated March 11, 20262 sources · 1 outlet

Coverage from 2 Sources

NPR Education

Key Oversight Helping Keep Student Loan Records Accurate Has Stopped, a Watchdog Says

Mar 11

Without this Education Department oversight, borrowers could "be placed in the wrong loan repayment status, billed for incorrect amounts" and more, the U.S. Government Accountability Office says.

NPR Education

Some Federal Oversight That Protects Student Borrowers Has Stopped, Watchdog Warns

Mar 11

According to a new GAO report, the U.S. Education Department has abandoned key oversight of student loan servicers, including making sure companies give borrowers accurate information.