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Student loan application backlog is delaying forgiveness for borrowers

Por: Newsweek Nation January 05, 2024

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Delayed processing of income-driven student repayment plans by servicers is hurting the ability of borrowers to secure debt forgiveness quicker, the Consumer Financial Protection Bureau (CFPB) said in a Friday report.The government agency said that 450,000 of income-driven repayments applications were awaiting a resolution by the end of October of last year from a servicer for more than a month.The aggregate number of unprocessed income-driven... + full article



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