3 Reasons Your Student Loan Payments May Be Higher Than They Should Be

Millions of student loan borrowers have to make a payment this month for the first time in over three years. The moratorium on student loan payments and interest expired over the summer after Congress passed legislation barring any further extensions. And now, the student loan payment system is creaking back to life.

But millions of borrowers may be getting billed for student loan payment amounts that are much higher than what they should be. New programs, implementation problems, and changed financial circumstances all could be contributing factors.