Final October, NPQ covered the general public Service Loan Forgiveness (PSLF) system and noted compared to the very first 19,321 applications submitted for loan forgiveness, a grand total of 55 passed muster. Those numbers arrived on the scene just last year from a national Accountability Office (GAO) report and had been predicated on demands submitted at the time of April 2018.
Relating to Michelle Hackman of this Wall Street Journal, information is available nowadays through March 2019 and also the figures are…not far better.
As Hackman writes, “More than 73,000 folks have requested debt forgiveness at the time of March 31 of the in accordance with Education Department information, but simply 864 have experienced their loans erased. Year”
No surprise the other 98.8 percent are none too pleased while the odds of getting loan forgiveness approved have quadrupled—from 0.3 percent to 1.2 percent—it’s. 继续阅读