460k student loan borrowers face application denials as feds overhaul repayment plans

The Trump administration's overhaul of student loan repayment plans has led to the denial of roughly 460,000 income-driven repayment (IDR) applications, as the SAVE program is deemed illegal. Nearly two million applications are backlogged, causing uncertainty for borrowers seeking affordable options. Advocates express concern over potential higher payments and delayed loan forgiveness due to the changing rules.