Tag #Pslf

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forbes.com

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Sep 16, 19:25

PSLF Buyback Program Delays Leave 74,510 Borrowers in Limbo

Over 74,000 student loan borrowers are awaiting processing of their PSLF buyback requests, despite the Department of Education processing a record 5,600 in August 2025; the backlog has created wait times exceeding 10 months, prompting some to consider alternative forgiveness pathways.

PSLF Buyback Program Delays Leave 74,510 Borrowers in Limbo

Over 74,000 student loan borrowers are awaiting processing of their PSLF buyback requests, despite the Department of Education processing a record 5,600 in August 2025; the backlog has created wait times exceeding 10 months, prompting some to consider alternative forgiveness pathways.

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What is the current status of the PSLF Buyback Program, and what challenges does it face?

The program, designed to allow borrowers to retroactively pay for missed payments during periods of forbearance, has a massive backlog of 74,510 applications. While 5,600 requests were processed in August 2025—a record high—the processing time exceeds 10 months, causing significant delays for borrowers.

abcnews.go.com

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Jul 8, 04:13

Trump Admin Reshapes Student Loan Forgiveness Program, Targeting Specific Groups

President Trump is overhauling the Public Service Loan Forgiveness program, potentially barring organizations aiding immigrants, transgender youth, or those deemed to support terrorism from participation, impacting millions of borrowers and potentially creating workforce shortages.

Trump Admin Reshapes Student Loan Forgiveness Program, Targeting Specific Groups

President Trump is overhauling the Public Service Loan Forgiveness program, potentially barring organizations aiding immigrants, transgender youth, or those deemed to support terrorism from participation, impacting millions of borrowers and potentially creating workforce shortages.

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What are the long-term consequences of this policy change on the availability of public services and the overall political landscape?

The revised PSLF program's subjective application of "illegal activities," particularly regarding immigration and gender-affirming care, may lead to legal challenges and further polarization. The long-term effect could be a chilling effect on organizations providing essential services to vulnerable populations, ultimately harming the public good.

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

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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.

nbcnews.com

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Apr 26, 22:14

Trump Administration Ends Automatic Student Loan Forgiveness

The Trump administration has ended automatic student loan debt forgiveness under several repayment plans, including SAVE, PAYE, and ICR, leaving only IBR as an option for eventual forgiveness, impacting millions of borrowers.

Trump Administration Ends Automatic Student Loan Forgiveness

The Trump administration has ended automatic student loan debt forgiveness under several repayment plans, including SAVE, PAYE, and ICR, leaving only IBR as an option for eventual forgiveness, impacting millions of borrowers.

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How do these policy changes affect various repayment plans and their eligibility for loan forgiveness?

This shift in policy marks a departure from the Biden administration's approach to student loan relief. By ending automatic forgiveness under several repayment plans, the Trump administration aims to reduce government spending and limit loan forgiveness opportunities. This directly affects borrowers' financial futures and their ability to manage student loan debt.

forbes.com

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Mar 26, 01:15

Lawsuit Forces Partial Reopening of Student Loan Repayment Plans

The American Federation of Teachers sued the Trump administration for halting student loan repayment and forgiveness programs, prompting a temporary reopening of applications but leaving millions of borrowers in limbo pending legal resolution.

Lawsuit Forces Partial Reopening of Student Loan Repayment Plans

The American Federation of Teachers sued the Trump administration for halting student loan repayment and forgiveness programs, prompting a temporary reopening of applications but leaving millions of borrowers in limbo pending legal resolution.

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How did the 8th Circuit Court of Appeals' ruling on the SAVE plan contribute to the shutdown of IDR plans?

The Trump administration's actions stem from a court ruling impacting the Biden-era SAVE plan and inadvertently shutting down access to all income-driven repayment plans. This affects borrowers' ability to manage student loan debt affordably and obtain loan forgiveness, particularly those pursuing Public Service Loan Forgiveness (PSLF). The AFT's lawsuit argues that the administration's actions violate federal law mandating these programs.

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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Jun 9, 16:12

Trump Administration Seeks to Limit Student Loan Forgiveness Under PSLF

President Trump issued an executive order to restrict student loan forgiveness under the Public Service Loan Forgiveness (PSLF) program by excluding organizations involved in activities he deems contrary to his administration's interests; the Department of Education is now drafting regulations to im...

Trump Administration Seeks to Limit Student Loan Forgiveness Under PSLF

President Trump issued an executive order to restrict student loan forgiveness under the Public Service Loan Forgiveness (PSLF) program by excluding organizations involved in activities he deems contrary to his administration's interests; the Department of Education is now drafting regulations to im...

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What immediate impact will President Trump's executive order have on student loan forgiveness under the PSLF program?

President Trump issued an executive order aiming to limit student loan forgiveness under the Public Service Loan Forgiveness (PSLF) program by excluding organizations involved in activities deemed contrary to his administration's interests. This impacts millions of borrowers who could lose eligibility for loan forgiveness. The Department of Education is currently creating regulations to implement this order.

abcnews.go.com

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May 16, 22:08

Student Loan Collections Resume Amidst Legal Challenges

The Department of Education restarted involuntary collections on 5.3 million defaulted student loans while simultaneously facing legal challenges to income-driven repayment plans, causing significant confusion and delays for borrowers.

Student Loan Collections Resume Amidst Legal Challenges

The Department of Education restarted involuntary collections on 5.3 million defaulted student loans while simultaneously facing legal challenges to income-driven repayment plans, causing significant confusion and delays for borrowers.

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What is the immediate impact of the resumption of involuntary collections on defaulted student loans and the ongoing legal challenges to income-driven repayment plans?

The U.S. Department of Education recently resumed involuntary collections on defaulted student loans, impacting 5.3 million borrowers who may face wage garnishment. Simultaneously, processing of income-driven repayment plan applications is slower than usual due to recent legal challenges, causing further confusion and delays for borrowers.

forbes.com

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May 1, 16:13

House Republicans Propose Student Loan Reform, Eliminating Forgiveness for Medical Residents

House Republicans introduced a bill to reform the federal student loan system, aiming to save taxpayers over $330 billion, but eliminating student loan forgiveness for medical residents and interns.

House Republicans Propose Student Loan Reform, Eliminating Forgiveness for Medical Residents

House Republicans introduced a bill to reform the federal student loan system, aiming to save taxpayers over $330 billion, but eliminating student loan forgiveness for medical residents and interns.

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What are the potential long-term consequences of this legislation on healthcare workforce recruitment, retention, and the broader accessibility of healthcare services?

The bill's impact extends beyond immediate financial changes; it sets a precedent for targeting specific groups within public service loan forgiveness programs. This could signal a broader trend towards stricter eligibility criteria for future loan forgiveness initiatives and affect future healthcare workforce recruitment and retention.

forbes.com

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Apr 18, 16:13

Trump Administration's Actions Jeopardize Student Loan Forgiveness for Thousands

The Trump administration's recent actions threaten to revoke the tax-exempt status of nonprofit organizations like Harvard University and CREW, jeopardizing thousands of employees' eligibility for student loan forgiveness under the Public Service Loan Forgiveness (PSLF) program.

Trump Administration's Actions Jeopardize Student Loan Forgiveness for Thousands

The Trump administration's recent actions threaten to revoke the tax-exempt status of nonprofit organizations like Harvard University and CREW, jeopardizing thousands of employees' eligibility for student loan forgiveness under the Public Service Loan Forgiveness (PSLF) program.

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What immediate impact will the Trump administration's actions have on borrowers seeking student loan forgiveness under the PSLF program?

The Trump administration is taking steps that could prevent thousands of Americans from receiving student loan forgiveness through the Public Service Loan Forgiveness (PSLF) program. This involves targeting the tax-exempt status of nonprofit organizations, potentially disqualifying their employees from PSLF. The administration's actions specifically threaten Harvard University and Citizens for Responsibility and Ethics in Washington (CREW), impacting thousands of employees.

forbes.com

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Mar 18, 16:10

Proposed Tax Changes Threaten to Increase Student Loan Costs

Proposed Republican tax changes threaten to make student loan repayment significantly more costly for millions of Americans by ending tax exemptions for student loan forgiveness, eliminating the student loan interest deduction, and potentially taxing scholarships, impacting borrowers who rely on the...

Proposed Tax Changes Threaten to Increase Student Loan Costs

Proposed Republican tax changes threaten to make student loan repayment significantly more costly for millions of Americans by ending tax exemptions for student loan forgiveness, eliminating the student loan interest deduction, and potentially taxing scholarships, impacting borrowers who rely on the...

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What are the long-term systemic consequences of altering the tax treatment of student loans and related benefits?

The potential re-introduction of taxes on student loan forgiveness, coupled with the elimination of the student loan interest deduction and the taxing of scholarships, paints a concerning picture for future student loan borrowers. These changes could discourage higher education and exacerbate existing financial inequalities, creating a systemic barrier to upward mobility.

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