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Student loan servicers hinder loan repayment; CFPB launches public inquiry

Included on the panel of experts at today’s hearing was Jennifer Wang, Policy Director at Young Invincibles. Wang’s organization recently conducted a survey of student loan borrowers to learn about the experiences student loan borrowers have during repayment. Of the 1,230 respondents, 54 percent reported that they had problems with repayment ranging from misapplied payments, lack of communications regarding loan status and failure of servicers to inform borrowers of repayment options.” Read more at the Examiner by clicking here.