Student loan accumulated returns star-news.press/wp

A designed federal program to help public service workers face to erase students’ debts, with a little relief.

Last week, the file of the Ministry of Education’s uploading showed that the waiting list for the Public Service loan program (PLF) has continued to bloat in recent months, even with the agency’s treatment.

The program allows borrowers to make a cut batch so that the postponement or patience periods can be made-when the loan payments are temporarily stopped-a direction of 10 years of qualified payments required to tolerate the public service loan. The program is designed to ensure that non -payment periods are calculated.

Newsweek I called the Education Department to comment via email.

Why do it matter

Over the past year, tens of thousands of borrowers who fell in Save Plageborancy re -purchased PLF for relief. The program has become particularly important, as about 8 million Americans were prevented from paying student loans payments in the wake of a court order for the court that temporarily suspended the savings plan due to the legal challenge led by Republicans.

Because the time he spends in patience according to Save is not counted towards the remission of the loan, many borrowers who have already completed years of eligible public service find themselves in the event of uncertainty. PLLF’s re -purchase has been created to fill this gap, especially for those who approach the end of the 10 -year timeline.

The increasing accumulation

Even with the treatment of some requests, the administration has struggled to keep pace with the request. In the first file on the re-purchase of the PLF earlier this year, which is part of a temporary agreement to submit monthly updates after a legal challenge to delay the income-based payment plan, the administration stated that it had processed 1,472 requests in April-49,318 in the waiting list.

In May, the number of suspended requests grew to 58,761, while 3312 requests were processed. At the end of June, there were 65,448 suspended requests, with 2,224 requests this month. In July, accumulation grew to 72,730, with 3,280 requests. In general, there was an increase of 47 percent in the number of requests between April and July.

There is also an accumulation of income -dependent payment plans, as many borrowers have sought the investigation to turn into other plans to continue progressing towards tolerance in the loan. The Trump administration increased the pressure on borrowers to change the plans after resuming interest fees earlier this month for those registered in the rescue.

“The administration urges all borrowers in the savings plan to move quickly to the legally compatible payment plan-such as the income-based payment plan,” the Minister of Education, Linda McMahon, said in a statement in July. “Borrowers cannot save access to the advantages of important loans and cannot make progress towards excessive loans authorized by Congress.”

It is the main obstacle to borrowers that the replacement plans are not a quick process. The Ministry of Education deals with an enormous accumulation of income -based payment applications (IDR), a problem that gets worse when the Trump administration temporarily closed the entire processing system in the spring.

While the administration has reported some progress, Logjam is still important. Last month, officials reported 1,511,504 pending IDR requests. As of the latest deposit, accumulation decreased to 1,386,406, with 304,844 requests in July.