Try again. It’s the 4th paragraph.
Last month, a federal judge blocked the Biden administration-era SAVE plan, an income-driven student loan replacement program with 8 million borrowers, claiming it lacked the authority to forgive millions of dollars in debt. In response, the Trump administration paused all applications for income-driven repayment plans and online loan consolidation, leaving some borrowers in limbo struggling to make ends meet.
Knock_Knock_Lemmy_In@lemmy.world 4 weeks ago
But that’s new applications. It doesn’t explain why existing loans have increased.