President Joe Biden
U.S. President Joe Biden.
  • Student-loan borrowers have faced a range of errors with their servicers since payments resumed.
  • They include incorrect billing statements and delayed customer service.
  • Federal Student Aid outlines the problems it's seeking to fix in a new memo.

Alicia thought her monthly student-loan payment would be around $50, but she was surprised to see a $753 balance due on her account in September. When she called her servicer, they admitted her payment was calculated incorrectly.