Story perspectives
Student Loan Repayment Complicated for 5.3 Million Borrowers
5/20/2025
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Story summary
- Resumed collections and court blocks on income-driven plans complicate student loan repayment for 5.3 million borrowers.
- The Education Department has reopened applications for income-driven repayment plans, but processing times are slower than usual.
- Borrowers can consolidate loans online, with a processing time of approximately 60 days.
- Delinquent borrowers should seek forbearance options to avoid default and protect their credit scores.
