The article outlines the ongoing issues faced by nearly 2 million student-loan borrowers whose income-driven repayment applications are stalled. The backlog was exacerbated by actions from both the Trump and Biden administrations, including a federal court's injunction affecting the SAVE plan, which complicates borrowers' repayment situations. As a result, many borrowers have been placed in processing forbearance, accruing interest, while the Education Department expresses hopes to resolve these issues swiftly. The contrasting forbearance conditions highlight significant differences between current and previous repayment plans.
Nearly 2 million student-loan borrowers' income-driven repayment applications are pending, largely due to delays caused by previous administrative actions and compliance with court orders.
The Trump Administration has stated that it's working to clear the backlog from Biden's tenure while borrowers currently face challenges with accruing interest on their loans.
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