The first month of repayments since the end of a three-year pandemic pause on federal student loans has been filled with mishaps, including incorrect billing amounts and late notices for bills coming due, according to government officials.
Among the issues: 830,000 people missed their first payment since the pause was lifted after a loan servicer failed to send out timely notices to 2.5 million borrowers, the U.S. Department of Education said on Monday.
Some people received their bills just seven days before payment was due, despite the Education Department requiring at least 21 days’ notice. MOHELA, one of the nation’s largest student loan servicers, was responsible for the delayed billing notices and the Department of Education withheld $7.3 million in revenue to MOHELA as a consequence, the department said. (MOHELA did not respond to a request for comment.)
Same happened to me. I even checked that autopay was on the week before payment was due, and it said I’d get charged on the 22nd. On the 24th I checked and there wasn’t any charges on my bank account, so I logged in, turned autopay off and back on, and when it said that enabling autopay wouldn’t pay my past due monthly bill, I made a manual payment. A few days later, I checked again because I noticed my balance was way lower than it should be, and sure enough, I got charged twice.
Fucking assholes.