Student Loan Forgiveness Program For Public Servants Rejected 99 Percent Of Applicants

[appalachiablue]

Source: The Hill

By Chris Mills Rodrigo, 6 hrs. ago.

A program allowing public servants to receive student loan forgiveness has rejected more than 99 percent of its applicants because of confusion about the program and a lack of coordination with the company running it, a government audit report showed.

The rejection statistic, which had been included in a statement from the Department of Education (DOE) on Sept. 19, was the subject of a government audit released Thursday.

The audit report from the Government Accountability Office (GAO) noted "the large number of denied borrowers suggests that many are still confused by the program requirements."

It also criticized the DOE for not cooperating with the company hired to run the program, FedLoan…

Read more: https://www.msn.com/en-us/news/us/student-loan-forgiveness-program-for-public-servants-rejected-99-percent-of-applicants/ar-BBNFjsO

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Almost all of the communication between Education and FedLoan is being done through email, and creating a "fragmented collection of guidance and instructions creates a risk that relevant information may be overlooked."

The GAO recommended that the DOE focus on standardizing their payment information and provide more information to both borrowers and FedLoan.

[PaulX2]

1. My Employee Has Been Getting Jerked Around Forever For Already Approved Program

We have to send in the same paperwork over and over and over.

Total bullsh*t.

They need every cent to pay for the billionaire tax cuts.

[ResistantAmerican17]

2. Oh wait, it gets worse

I made 18 years of on time payments and have worked in public education for 24 years. When I applied for forgiveness not only did they inform me that not one dime applied to the program, FedLoan Servicing put a cherry on top—-they raised my payment. I have paid over $101,000 on a $31,000 loan. But good news, only $62,000 left to pay. SARCASM!!!!

[ROB-ROX]

3. I WAS EMPLOYED BY THE UNIVERSITY OF CALIFORNIA WHICH WAS CONTRACTED TO D.O.E.

There was an education grant part of the contract which funded employees who wanted to continue their education. I met people who earned masters degrees in engineering. I completed my last two years for a B.S. (all degrees required B.S. not B.A.) degree. I would guess $100,000 was granted so I could complete my last two years of education. I met people who had no college credits and the money paid for their upper education and they attended classes at a community college (their expense) to earn the credits required to complete their B.S. degree. I am glad the education money was negotiated in our contract and people who could utilize the assistance did do better when given the assistance to do better.....

[NBachers]

4. How much did FedLoan get paid for this?

[Joe Bacon]

7. We'll never know

You can be sure that Betsy "accidently" erases all those e-mails!

[PSPS]

5. "DOE (DeVos) ... not cooperating with the company hired to run the program"

[NotASurfer]

6. One per cent approved?

Any data on how much they donated to the Two Scoops campaign? Or how much they laundered for Russia?

Three years ago that wouldn't have been something that occurred to me, but this gang has a record of twisting things to benefit themselves