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Home » Store » News » Student Loan Gripes Resemble Mortgage Servicing Complaints

Student Loan Gripes Resemble Mortgage Servicing Complaints

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A report recently issued by CFPB Student Loan Ombudsman Rohit Chopra likens complaints in the massive student loan sector to complaints related to problems in mortgage servicing. “The complaints and input received by the bureau resemble many of the same issues experienced by mortgage borrowers, such as improper application of payments, untimeliness in error resolution, and inability to contact appropriate personnel in times of hardship,” the report stated.
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