Government Policy Biden Administration Income-Driven Repayment Plans Interest Accrual SAVE Plan Monthly Payments Loan Servicing Government Funding Battles On-Ramp Program Covid Pandemic-Era Pause Loan Payment Resumption COVID-19 Pandemic Missed Payments Borrower Data On-Ramp Period Relief Measures Resumption Borrower Default Income-Driven Repayment Plan Debt Crisis Federal Student Loans Borrower Engagement Defaulted Loans Income-Driven Repayment Government Policies Default Delinquency Rates Loan Default Borrowing Limits Interest Rates Servicer Accountability Moratorium Refusal to Pay Debt Elimination
Facing accruing interest costs of roughly $300 per month, borrowers must choose between lingering forbearance or transitioning to alternative plans that face significant application backlogs.