Loan Servicer Errors May Cost Doctors Pursiuing PSLF Thousands

[Faithful Steward]

PHEAA, doing business as FedLoan, has mismanaged the servicing of the PSLF (Public Student Loan Foregiveness) program, the debt forgiveness stragegy that many physicians and dentists rely upon to free themselves from the burden of student loan debt. As a result, you may end up paying back far more than you anticipated and for much longer than you originally planned. If you are currently pursing loan forgiveness throught PSLF, you must read this article:

https://www.nytimes.com/2017/08/23/business/dealbook/student-loan-forgiveness-lawsuit.html

[RosieQ]

We are getting closer to October when the first borrowers try and use this program. It's unsustainable and poorly formulated, but many people have built their lives around this promise for the better part of a decade. I hope it goes through for them.

[childay]

Not surprised! These loan servicers are among the most incompetent people I have ever dealt with, and Fedloan is not the worst of them!