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Borrowers Face Major Problems As Student Loan Payments Resume In Weeks

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With student loan payments resuming in weeks, borrowers are already encountering significant problems. This does not bode well.

In addition, borrowers applying for the Borrower Defense to Repayment program can still complete an application. But after a federal appeals courtthat went into effect July 1, the fate of newly-submitted applications remains uncertain.

But loan servicers are also facing a budget crunch, coupled with the unprecedented return to repayment. That is resulting in numerous issues:related to the Limited PSLF Waiver and IDR Account Adjustment.

 

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