The Department of Education (DOE) is delaying its plan to fix a student-loan forgiveness program that often failed to work as designed, according to Business Insider.
The income-driven repayment (IDR) plan was created for low-income borrowers to have their loans forgiven after paying on them for 20 to 25 years, according to Business Insider, but was rarely successful. The DOE was working to revise the plan and release it in July, but the release has been delayed until after Nov. 1.
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