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Student-loan borrowers who made their final payments toward Public Service Loan Forgiveness are stuck waiting for their debt relief to process.
The total federal student loan portfolio now exceeds $1.72 trillion, with 42.3 million borrowers. But borrowers in Maryland owe the most on average.
Some student-loan borrowers thought they reached their deadline to move off the SAVE plan. Then they got a "final notice" giving them another month.
The Trump administration is launching its new online default portal for student-loan borrowers as part of the transfer of accounts to the Treasury.
The Education Department extended the deadline for student-loan borrowers to enroll in autopay and get a 1-percentage-point interest rate reduction.
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