Credit scores could drop by more than 150 points for some borrowers and will likely result in "reduced credit limits, higher interest rates for new loans and overall lower credit access" for affected borrowers, according to a Federal Reserve Bank of New York report posted Tuesday.

Recertification deadlines for many borrowers already enrolled in IBR, PAYE, and ICR have been extended. ・SAVE plan remains blocked and borrowers are in forbearance with no PSLF progress. There's a lot of confusion about what's happening with student loans.