Lawmakers Urge Education Secretary to Address Federal Student Loan Servicing Issues

Representative Pressley, Senator Warren, and 31 other lawmakers have sent a letter to the Department of Education Secretary, urging action on systemic failures in federal student loan servicing. The letter specifically highlights issues with income-driven repayment (IDR) plans and Public Service Loan Forgiveness (PSLF), including inaccurate calculations and processing delays. These problems are reportedly having a material impact on borrowers.