The income-driven repayment application system for federal student loans remains a mess, as borrowers struggle to navigate programs that have been plagued by legal challenges and processing pauses. Now, one major student loan servicer has thrown an additional wrench into the system by announcing that some borrowers who have already submitted an income-driven repayment application
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Student loan borrowers are going on offense. On Tuesday, the American Federation of Teachers, a major national labor union, represented by the Student Borrower Protection Center and Berger Montague, filed a lawsuit against the Trump administration for preventing millions of borrowers from accessing affordable repayment plans and student loan forgiveness programs authorized by federal law.
President Biden on Wednesday made a long-awaited announcement to enact wide-scale student loan forgiveness. Biden also indicated he would extend the ongoing student loan pause once more. Millions of student loan borrowers will benefit from these initiatives. Biden will be issuing further details later this afternoon. Here are the details so far. Biden Announces Up…