Thousands of student-loan borrowers are stuck in limbo.
President Donald Trump’s Department of Education provided an update on the progress it has made in processing student-loan borrowers’ income-driven repayment applications in a court filing last week. It seems the department still has a lot of work to do: 802,730 IDR applications are pending as of November 30.
Per the court filing, the department discharged the loans of 170 student-loan borrowers who were on IDR plans in November, with another 280 discharges for borrowers who had completed their payments through the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying…