Student Loan IDR Backlog Drops To Record Low, But PSLF Buyback Issues Remain
The College Investor Audio Show · The College Investor
Audio is streamed directly from the publisher (episodes.captivate.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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.