-
The Department of Education is working through a backlog of income-driven repayment applications.
-
Advocates are urging quick processing before borrowers face new taxes on student-loan forgiveness next year.
-
Debt relief through income-based repayment plans is also delayed until the winter.
The clock is ticking for President Donald Trump’s administration to work through a student-loan forgiveness backlog.
Since Trump took office, his Department of Education has been processing a slew of income-driven repayment applications and filings for debt forgiveness, known as buybacks, tied to extra payments for the Public Service Loan Forgiveness program, before changes to those plans go into effect next year.
The processing…