Department Of Education Reveals 96% Of Student Loan IDR Applications Remain Unprocessed

Contributing sentiments towards policy:

61% : But a federal court's injunction blocking the SAVE plan has upended IDR plans and caused chaos for millions of federal student loan borrowers.
61% : But for the millions of student loan borrowers stuck in limbo or enrolled in one of the other IDR plans that could be affected by proposed legislative changes, the information the department released this week does not bode well.
56% : In the suit, the union provided sworn declarations from student loan borrowers who were prevented from enrolling in affordable repayment plans mandated under federal law, putting them at risk of delinquency or default.
51% : The slow progress does not bode well for federal student loan borrowers, as a two million IDR application backlog may be relatively small compared to the massive reshuffling of repayment plans that may be required under legislation proposed by Congressional Republicans.
48% : At this rate, it would take the department more than two years to get through the backlog - and that assumes student loan borrowers don't submit additional IDR applications during that time, which of course is unrealistic.
46% : The numbers the department released this week may be concerning to student loan borrowers.

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