Borrowers face long waits as Education Department still struggles to process student loan forgiveness claims

"Loan Forgiveness Limbo: Thousands of Borrowers Face Delays in PSLF and IDR Forgiveness Applications A growing backlog of income-driven repayment plan transfers and Public Service Loan Forgiveness (PSLF) applications is leaving thousands of borrowers in limbo, waiting for crucial decisions on their loan forgiveness eligibility. Despite efforts to streamline the process, borrowers are facing long waits, often taking months or even years to receive a response. The delays have sparked frustration and anxiety among those who are counting on loan forgiveness to alleviate their debt burden, with many questioning the effectiveness of the programs designed to support public servants and low-income individuals. As the Biden administration works to address the backlog, borrowers are left wondering when they will finally receive the relief they need."

KEY TAKEAWAYS Borrowers have faced long waits for decisions on Public Service Loan Forgiveness and income-driven repayment forgiveness applications.The backlog of income-driven repayment plan transfer ...