Ways To Get $700 Million Of Student Loan Forgiveness

Ways To Get $700 Million Of Student Loan Forgiveness

See if it is possible to follow this tale. The government that is federal 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 system apply. 99% are refused.

A brand new federal government watchdog report, first acquired 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 spent $27 million associated with the $700 million on 661 demands with this student that is new forgiveness work, based on the national Accountability workplace.

„The Department has brought steps to simply help borrowers better realize the complex eligibility demands, application procedure, advantages, as well as other information associated with the PSLF and TEPSLF programs, “ Angela Morabito, U.S. Education Department press assistant told NPR. Weiterlesen ›

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