Student loan forgiveness backlog deepens, leaving thousands in limbo

The Department of Education is struggling with a growing backlog of over 72,000 applications for the PSLF Buyback program, leaving thousands of federal student loan borrowers in limbo. Created in 2023, the program allows periods of nonpayment to count toward Public Service Loan Forgiveness. Staffing shortages, SAVE plan complications, and ongoing administrative hurdles have slowed processing, prolonging borrower uncertainty.

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