Tag #Loan Servicing Backlog

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forbes.com
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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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