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

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

Public servants with student education loans had been furious, in addition to U.S. Department of Education heard them. The division unveiled Thursday it will simplify the procedure for borrowers to utilize for an expansion associated with 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 enter without having a news launch or any other announcement that is public will address perhaps one of the most alarming revelations when you look at the GAO’s review: 71% of denials had been really because of a documents technicality. In line with the GAO, a lot more than 38,000 candidates had been rejected relief underneath the expansion — referred to as Temporary Expanded Public Service Loan Forgiveness (TEPSLF) — merely since they had not first sent applications for and been denied PSLF. Continue reading “Education Dept. Unveils Fix For Education Loan Program’s ‘Bureaucratic Nightmare’”