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Student Loan IDR Backlog Drops To Record Low, But PSLF Buyback Issues Remain
Published 2 weeks, 4 days ago
Description
The Department of Education’s income-driven repayment application backlog has dropped to its lowest point on record, according to a new court filing submitted March 16 (PDF File).
But that progress is overshadowed by a continued delays on IDR loan forgiveness and a growing queue of public servants waiting for PSLF buyback decisions.
The data comes from the latest status report filed in American Federation of Teachers v. U.S. Department of Education, a federal lawsuit spearheaded by the teacher's union that requires the Department to provide monthly updates on its loan servicing operations.