US EditionHow to Reduce Student Loans
- The Department of Education is currently dealing with a mounting backlog of tens of thousands of PSLF Buyback requests, having processed only around 1,400 applications as of last month.
- This backlog worsened after a March staff reduction cut roughly half of the department’s personnel, slowing application processing despite ongoing efforts.
- Introduced in 2023, the PSLF Buyback program provides individuals pursuing Public Service Loan Forgiveness with an alternative option to obtain loan forgiveness or settle their debt with a lump sum payment.
- More than 58,000 borrowers have submitted applications and many report waiting nearly a year without response, while some Reddit users recently shared receiving determinations.
- The backlog implies that borrowers may face extended delays for relief, indicating the department must accelerate processing to avoid prolonged loan forgiveness limbo.
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How to reduce student loans | News Channel 3-12
How to reduce student loans If you’ve got student debt to repay, you’re not alone. An estimated 42.7 million Americans are in the same boat. It’s easy to stress over student loans, but take a deep breath. You just need a plan to pay them off — ideally sooner rather than later. In addition to showing you how to lower personal loan costs, Achieve looks at how to reduce student loan debt and unburden your budget. Key takeaways: Income-driven repay…
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Total News Sources32
Leaning Left2Leaning Right1Center28Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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