A recent report by a federal watchdog reveals that key oversight mechanisms designed to ensure the accuracy of student loan records have ceased, leading to heightened risks for millions of borrowers who may now receive incorrect bill amounts. The Education Department reportedly reduced monitoring of student-loan servicers after cuts made during the Trump administration. As a result, the effectiveness of student loan servicing controls has weakened just as an overhaul of the repayment system approaches. Experts warn that the lack of transparency and diminished federal oversight could significantly harm borrowers, calling into question the reliability of student loan collections.