RE: Under Obama the Student Loan program was taken over by the
Posted on: April 12, 2017 at 11:14:36 CT
JG
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Researchers at the Government Accountability Office found that 70 percent of people in default actually qualified for a lower monthly payment through income-driven plans that cap monthly payments to a percentage of earnings but that servicers failed to provide sufficient information. Even when the companies reach out to delinquent borrowers, the information was often inconsistent, according to the GAO.