
More than 300,000 US student loan borrowers were denied access to income-driven repayment plans after the Education Department rejected nearly 328,000 applications in August. A court filing cited ambiguity over selecting the lowest-payment option, leaving many borrowers facing higher bills or interest-accruing forbearance. With over 800,000 applications still pending, advocates warned of delayed forgiveness, while experts urged borrowers to reapply and choose specific repayment plans.< a href="https://timesofindia.indiatimes.com/education/news/why-300000-student-loan-borrowers-were-denied-idr-repayment-plans-and-what-they-should-do-next/articleshow/126205826.cms">READ MORE
0 Comments