Student Loan Forgiveness
See if this story can be followed by you. The federal government provides a student loan forgiveness system. Education loan borrowers whom think they qualify apply. 99% are refused. Congress produces an expanded education loan forgiveness system. Education loan borrowers whom think they be eligible for the expanded program apply. 99% are refused.
A new federal government watchdog report, first obtained by NPR, claims a confusing education loan forgiveness system and process led to 99% of this 54,184 finished needs for education loan forgiveness being rejected. From May 2018 to might 2019, Congress just invested $27 million for the $700 million on 661 needs with this student that is new forgiveness work, in accordance with the national Accountability workplace.
“The Department has had actions to greatly help borrowers better realize the eligibility that is complex, application process, benefits, as well as other information associated with the PSLF and TEPSLF programs, ” Angela Morabito, U.S. Education Department press assistant told NPR. The Department will follow the GAO’s tips on how to increase the programs; lots of y our efforts are actually underway. “