Tag #Idr

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forbes.com

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Sep 12, 19:18

AFT Files Class-Action Lawsuit Over Delayed Student Loan Forgiveness

The American Federation of Teachers (AFT) filed an amended class-action lawsuit against the Department of Education, alleging inadequate processing of student loan forgiveness applications and unlawful denials, impacting hundreds of thousands of borrowers and potentially resulting in significant tax...

AFT Files Class-Action Lawsuit Over Delayed Student Loan Forgiveness

The American Federation of Teachers (AFT) filed an amended class-action lawsuit against the Department of Education, alleging inadequate processing of student loan forgiveness applications and unlawful denials, impacting hundreds of thousands of borrowers and potentially resulting in significant tax...

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What is the central claim of the AFT's amended lawsuit regarding student loan forgiveness?

The AFT alleges the Department of Education is inadequately processing income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF) applications, resulting in substantial backlogs. They also claim unlawful denials of forgiveness under various plans, including mass denials of 460,000 IDR applications and illegal blocks on IBR forgiveness.

forbes.com

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May 16, 01:13

Student Loan IDR and PSLF Buyback Application Processing Backlog: First Status Report Shows Slow Progress

The Department of Education's first status report on student loan IDR and PSLF Buyback application processing reveals that only a small fraction of the applications have been processed, leaving a massive backlog of nearly two million IDR applications and nearly 50,000 PSLF Buyback applications.

Student Loan IDR and PSLF Buyback Application Processing Backlog: First Status Report Shows Slow Progress

The Department of Education's first status report on student loan IDR and PSLF Buyback application processing reveals that only a small fraction of the applications have been processed, leaving a massive backlog of nearly two million IDR applications and nearly 50,000 PSLF Buyback applications.

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What is the immediate impact of the slow processing of student loan IDR and PSLF Buyback applications on borrowers?

In April 2024, the Department of Education processed 79,349 of nearly two million Income-Driven Repayment (IDR) applications and 1,472 of nearly 50,000 PSLF Buyback applications, representing less than 4% and 3% completion, respectively. This follows a pause in processing due to legal challenges against the SAVE student loan plan.

forbes.com

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May 19, 16:09

2 Million Student Loan Forgiveness Applications Backlogged

A federal court report reveals a 1,985,726 income-driven repayment (IDR) application backlog as of April 30, 2025, resulting from a Department of Education freeze and slow processing resumption; only 79,349 applications were processed in April, leaving millions of borrowers awaiting lower payments a...

2 Million Student Loan Forgiveness Applications Backlogged

A federal court report reveals a 1,985,726 income-driven repayment (IDR) application backlog as of April 30, 2025, resulting from a Department of Education freeze and slow processing resumption; only 79,349 applications were processed in April, leaving millions of borrowers awaiting lower payments a...

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What factors contributed to the significant backlog in IDR application processing, and how did these factors interact?

The backlog stems from a February 2025 freeze on IDR applications, caused by a court injunction related to the SAVE plan. This pause, lasting through much of February and March, coupled with the slow resumption of processing in April, created a massive backlog. The slow processing rate, even after the resumption, is the main reason for the delay in student loan forgiveness.

forbes.com

🌐 85% Global Worthiness

Mar 20, 19:17

Student Loan Recertification Deadlines Extended to February 2026

The Department of Education announced a delay of income-driven repayment (IDR) plan recertification deadlines to at least February 2026 for IBR, PAYE, and ICR borrowers, following a lawsuit and reports of payment increases for those unable to recertify; new IDR applications remain paused.

Student Loan Recertification Deadlines Extended to February 2026

The Department of Education announced a delay of income-driven repayment (IDR) plan recertification deadlines to at least February 2026 for IBR, PAYE, and ICR borrowers, following a lawsuit and reports of payment increases for those unable to recertify; new IDR applications remain paused.

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What immediate impact does the postponement of IDR recertification deadlines have on affected student loan borrowers?

The Department of Education delayed income-driven repayment (IDR) plan recertification deadlines to at least February 2026 for borrowers in IBR, PAYE, and ICR plans, preventing potential payment increases. This follows a lawsuit challenging the pause on IDR processing and provides relief to borrowers who experienced payment hikes. The delay applies to existing borrowers; new IDR applications remain paused.

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