Public servants with student education loans had been furious, while the U.S. Department of Education heard them. The division unveiled Thursday so it will simplify the method for borrowers to use for an expansion regarding the difficult Public Service Loan Forgiveness (PSLF) system.
The move uses a damning Government Accountability Office review, first reported by NPR. The federal watchdog found that during the expansion program’s first year, the department turned away 99% of applicants in that 2019 review.
The change — which the division posted towards the Federal join with out a news launch or any other public statement — will address probably the most alarming revelations within the GAO’s review: 71% of denials had been really because of a documents technicality. In line with the GAO, significantly more than 38,000 candidates had been rejected relief beneath the expansion — referred to as Temporary Expanded Public Service Loan Forgiveness (TEPSLF) — merely since they had not very very first sent applications for and been denied PSLF.
The division’s fix is always to combine the 2 programs into one form in order for borrowers obtaining TEPSLF will not need to file that is first split application for PSLF. Continue reading “Education Dept. Unveils Fix For Education Loan Program’s ‘Bureaucratic Nightmare’”