Student Loan Forgiveness
See if you are able to follow this story. The government provides an education loan forgiveness system. Education loan borrowers who think they qualify apply. 99% are refused. Congress produces an expanded education loan forgiveness system. Education loan borrowers whom think they be eligible for a the expanded system apply. 99% are refused.
A brand new government watchdog report, first obtained by NPR, claims a confusing education loan forgiveness system and process lead to 99% of this 54,184 finished needs for education loan forgiveness being denied. From May 2018 to might 2019, Congress just invested $27 million associated with the $700 million on 661 needs with this new education loan forgiveness work, based on the national Accountability workplace.
“The Department has had steps to greatly help borrowers better realize the complex eligibility demands, application procedure, advantages, along with other information linked to the PSLF and TEPSLF programs, ” Angela Morabito, U.S. Education Department press assistant told NPR. The Department will follow the GAO’s suggestions on how to enhance the scheduled programs; lots of y our efforts seem to be underway. “