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Podcast: The College Investor Audio Show
Episode: Education Dept. Accused Of Blocking Student Loan Forgiveness
Description: The American Federation of Teachers, representing 1.8 million members, has intensified its legal challenge against the Department of Education and Education Secretary Linda McMahon. In an amended complaint filed this week (PDF File), the union seeks class action status on behalf of millions of borrowers it argues are unlawfully being denied access to income-driven repayment (IDR) programs and Public Service Loan Forgiveness (PSLF).The filing follows a timeline in which the Department froze processing of IDR applications for months, leaving a backlog that started at two million borrowers, but still is blocking more than one million borrowers. The AFT ar...