US EditionStudent loan servicer pauses payment counts tracking in a move experts say could cause confusion | News Channel 3-12
UNITED STATES, JUL 10 – Borrowers cannot track forgiveness payments amid court challenges to Biden administration's income-driven plans, affecting millions and delaying progress verification, federal student aid officials said.
- Earlier this week, MOHELA paused tracking of loan forgiveness counts for millions of borrowers amid legal challenges over Biden’s student loan plans.
- Prompted by ongoing litigation, a US Court of Appeals ruling in February blocked Biden's SAVE plan and parts of other income-driven repayment plans, prompting the temporary pause.
- Department of Education banners notify over 7 million borrowers that a court injunction temporarily blocks IDR payment counts and history, causing widespread confusion.
- Many borrowers find the pause 'very stressful' amid rising confusion over missing payment counts, as students describe 'mass chaos' and uncertainty about their loan progress.
- On August 1, the Department of Education will restart interest accrual without retroactive charges, following a court-ordered pause due to ongoing litigation over student loan plans.
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Student loan servicer pauses payment counts tracking in a move experts say could cause confusion
Students logging into their student loan servicer accounts may not be able to see their progress in loan forgiveness payments after the Department of Education stalled payment counts.
·Atlanta, United States
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Should Student Loans Borrowers in SAVE Switch to Another Repayment Plan? It’s Complicated
Courtney Johnston 2025-07-12 19:37:00 www.cnet.com Starting Aug. 1, borrowers enrolled in the Saving on a Valuable Education plan will start accruing interest charges on their loan balances. The trouble is, their payments remain on hold in a general forbearance. Now they’re being encouraged to choose a new payment plan or face interest charges. The Department of Education… Source
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Total News Sources12
Leaning Left2Leaning Right0Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
L 22%
C 78%
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