--- title: Join Vanderbilt | Student Loan description: Student Loan | --- [![Logo-nav-for-web](https://blog.joinvanderbilt.com/hs-fs/hubfs/Images/Logo-nav-for-web.jpg?width=150&name=Logo-nav-for-web.jpg)](http://joinvanderbilt.com/) - [Home](http://joinvanderbilt.com/) - [About Us](http://joinvanderbilt.com/letter-from-our-ceo/) - [Welcome from our CEO](http://joinvanderbilt.com/letter-from-our-ceo/) - [Unique Culture](http://joinvanderbilt.com/unique-culture/) - [Meet Our Team](http://joinvanderbilt.com/meet-our-team/) - [Sustainable Wealth Management Firm](http://joinvanderbilt.com/sustainable-broker-dealer/) - [Our Services](http://joinvanderbilt.com/impact-investments/) - [Impact Investing](https://joinvanderbilt.com/impact-investments/) - [Investments Services](http://joinvanderbilt.com/investment/) - [Insurance](http://joinvanderbilt.com/insurance-services/) - [Advisory Services](http://joinvanderbilt.com/advisory-services-2/) - [Technology Platform](http://joinvanderbilt.com/tech-suite/) - [Join Us](http://joinvanderbilt.com/why-vanderbilt-independent-broker-dealer/) - [Why Vanderbilt](http://joinvanderbilt.com/why-vanderbilt-independent-broker-dealer/) - [Transition Process](http://joinvanderbilt.com/transition/) - [Timeline](http://joinvanderbilt.com/in-the-news/) - [Resources](https://blog.joinvanderbilt.com) - [Blog](https://blog.joinvanderbilt.com) - [Videos](http://joinvanderbilt.com/videos/) - [In The Press](https://joinvanderbilt.com/in-the-press/) - [Contact Us](https://joinvanderbilt.com/contact-us/) # Join Vanderbilt Blog ## [How to Help your Clients Navigate Student Loan Servicers](https://blog.joinvanderbilt.com/navigate-student-loan-servicers) Posted by [Moira Do](https://blog.joinvanderbilt.com/author/moira-do) on 10/15/19, 8:45 AM - [Tweet](https://twitter.com/share) [![](https://blog.joinvanderbilt.com/hubfs/Student-Loan-Debt-Servicers.jpg)](https://blog.joinvanderbilt.com/navigate-student-loan-servicers)   Federal Student Loan Debt is a major issue that affects [43 million adult Americans](https://www.americanprogress.org/issues/education-postsecondary/reports/2019/06/12/470893/addressing-1-5-trillion-federal-student-loan-debt/). Many of them, like borrower Nicole Nelson, a native of Illinois, sought the advice of her loan servicer, Great Lakes Educational Loan Services. In [a recent article](https://www.marketwatch.com/story/student-loan-servicer-cant-use-federal-law-to-avoid-lawsuit-over-alleged-bad-advice-2019-07-02) by MarketWatch, the company allegedly deceived her by steering her towards repayment plans that benefit them, not her. On June 2019, the federal appellate court unanimously decided that a loan servicer could not allegedly and deliberately misrepresent repayment options and use federal laws to shield the servicer from state rules barring deceptive business practices. The case highlights how the Education Department rarely holds servicers accountable. Due to these weak state consumer-protection laws in student-loan litigation, clients might end up with costly repayment options. [Read More](https://blog.joinvanderbilt.com/navigate-student-loan-servicers) 0 Comments [Click here to read/write comments](https://blog.joinvanderbilt.com/navigate-student-loan-servicers#comments-listing) Topics: [Financial Advising](https://blog.joinvanderbilt.com/topic/financial-advising), [College Debt](https://blog.joinvanderbilt.com/topic/college-debt), [Student Loan](https://blog.joinvanderbilt.com/topic/student-loan), [Back to School](https://blog.joinvanderbilt.com/topic/back-to-school) [All posts](https://blog.joinvanderbilt.com/all) ### Subscribe to Email Updates ### Recent Posts Copyright 2015 - All Rights Reserved - Vanderbilt Financial Group 125 Froehlich Farm Blvd, Woodbury, NY 11797 | Phone: [631.845.5100](tel:6318455100) Vanderbilt Financial Group is the marketing name for Vanderbilt Securities, LLC and its affiliates. Securities offered through Vanderbilt Securities, LLC. Member FINRA, SIPC. 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