💨 Abstract
The article discusses the current state of confusion among student loan borrowers due to ongoing legal battles, resumptions of collections, and changes in government programs. Key points include: - The Education Department will start involuntary collections on defaulted loans, affecting around 5.3 million borrowers. - Income-driven repayment plans are briefly paused but reopened; processing times are longer. - Borrowers enrolled in the SAVE plan are in administrative forbearance, halting payments and interest accrual.
Courtesy: wtop.com
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