The CFPB has issued a “Mid-year snapshot of private student loan complaints” that discusses issues raised in the 2,002 complaints the CFPB received from October 2012 through March 2013. 

In the First Annual Report of the CFPB Student Loan Ombudsman which was released last October, the CFPB highlighted servicing issues raised by private student loan borrowers in their complaints, such as a lack of repayment options and their inability to refinance or modify loans. … Continue Reading