554,000 Borrowers Still Stuck in Student Loan Repayment Backlog Despite Record Processing episode artwork

EPISODE · May 3, 2026 · 5 MIN

554,000 Borrowers Still Stuck in Student Loan Repayment Backlog Despite Record Processing

from The College Investor Audio Show

The Department of Education processed more IDR applications in March than any month since court-ordered tracking began, cutting the pending backlog to 553,966. That is down from 576,609 in February and from nearly 2 million in April 2025. The March status report (PDF File), filed today in federal court, also shows IDR loan forgiveness resumed after two consecutive months of zero discharges.

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554,000 Borrowers Still Stuck in Student Loan Repayment Backlog Despite Record Processing

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