Student Loan Borrowers Suffer Credit Penalty Due to Reporting Errors

Andy Spears
2 min readMay 25, 2021

Congress Should Take Corrective Action

A new report from the Student Borrower Protection Center (SBPC) notes that millions of consumers with student loan debt are or have experienced significant credit score drops as a result of errors in reporting by loan servicing companies.

John Albanese explains the impact in a blog post:

In May 2020, the student loan servicer Great Lakes Educational Loan Servicing Inc. provided inaccurate information

Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .