The Department of Education is tackling a backlog of income-driven repayment applications and pushing for quick processing before student-loan forgiveness faces new taxes next year. Debt relief through income-based repayment plans is also delayed until winter. President Trump’s administration is racing against time to clear a student-loan forgiveness backlog, with 1.3 million repayment plans pending as of July 31. Changes to repayment plans could mean more expensive monthly payments and new taxes on relief next year. The uncertainty has borrowers anxious, seeking a reliable system to plan their financial future.

Read more at Yahoo Finance: Student-loan forgiveness delays will soon become a bigger problem for borrowers