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

"Backlog Crisis Hits Student Loan Forgiveness: Thousands Struggle with Long Waits for PSLF and IDR Decisions A growing backlog of applications for Public Service Loan Forgiveness (PSLF) and income-driven repayment (IDR) forgiveness is leaving thousands of borrowers in limbo, waiting months or even years for their loan forgiveness decisions. The Department of Education has been grappling with a surge in applications, causing delays and frustration for those who are counting on these programs to alleviate their financial burdens. As a result, many borrowers are facing uncertain futures, struggling to make ends meet while they wait for the government to process their applications. Will the Department of Education be able to clear the backlog and provide relief to those in 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 ...