How Student Loan Servicing Errors Cost You Thousands

Lucas and Luna dig into a little-known but costly problem: student loan servicers making administrative errors that inflate your balance or delay forgiveness. They walk through real cases — like a borrower whose payment was applied to the wrong loan, and another whose income-driven repayment plan was never processed despite submitting forms. Lucas explains why the Consumer Financial Protection Bureau has received over 100,000 complaints about servicers since 2017, and why most borrowers don't catch these mistakes. They discuss how to check your loan history, what to do if you find an error, and why keeping your own records is critical. If you have federal student loans, this episode could save you thousands. #StudentLoans #LoanServicing #CFPB #BorrowerDefense #IncomeDrivenRepayment #LoanForgiveness #CreditReport #FSA #Nelnet #MOHELA #GreatLakes #Navient #DebtCollection #FinancialLiteracy #ConsumerProtection #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo