Government Shutdown Hits Student Loans Hard! #students #governmentshutdown #loan #relief

The government shutdown is creating significant obstacles for student loan borrowers, especially for those pursuing forgiveness or enrolled in income-driven repayment plans. With many staff at the Department of Education's Federal Student Aid office furloughed, processing applications, recertifications, and disputes is becoming increasingly challenging. Borrowers who have fulfilled their payment obligations may face frustrating delays in debt discharge, while Public Service Loan Forgiveness approvals are stalled. This situation is further complicated by existing court rulings against the Biden-era SAVE plan. As backlogs grow, borrowers must stay current on payments but brace themselves for longer waits in accessing the relief they deserve.

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