Congress told 80,000 firefighters and teachers it would forgive their student loans. Over 10 years later, a tangle of mismanagement has kept them from receiving anything.
|11/29/2019||Posted by BusinessMediaguide.Com under General World News||
- The New York Times reported that the federal government has rejected more than 80,000 low-paid professionals from student debt forgiveness. More than 99% of applicants for loan forgiveness get rejected.
- Congress created the Public Service Loan Forgiveness program to encourage graduates to go into low-paid but necessary jobs, such as teaching and law enforcement.
- According to the Times, loan servicers told many applicants they were on track for loan forgiveness, only to ultimately reject their application. Loan servicers also did not communicate the qualifications for the PSLF adequately, according to the report.
- Many professionals looking for loan forgiveness include read more >>>