Education Dept. Unveils Fix For Student Loan Program’s ‘Bureaucratic Nightmare’

Education Dept. Unveils Fix For Student Loan Program’s ‘Bureaucratic Nightmare’

Public servants with figuratively speaking had been furious, together with U.S. Department of Education heard them. The division unveiled Thursday that it’ll simplify the procedure for borrowers to try to get an expansion associated with the Public that is troubled Service 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 Register without having a news launch or other announcement that is public will address the most alarming revelations when you look at the GAO’s review: 71% of denials had been basically because of a documents technicality. In line with the GAO, a lot more than 38,000 candidates had been denied relief underneath the expansion — called Temporary Expanded Public Service Loan Forgiveness (TEPSLF) — merely since they had not very first sent applications for and been denied PSLF.

The division’s fix is always to combine the 2 programs into one form to make certain that borrowers installment loans obtaining TEPSLF will not need to first file a separate application for PSLF. (더 보기…)

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