With student loan forgiveness coming, Schumer calls on providers to staff up
Source: New York Daily News
With more than 2 million people in New York State alone becoming eligible for student loan forgiveness under President Biden’s recently announced plan, loan providers nationwide need to staff up to handle the influx of paperwork, says Senate Majority Leader Chuck Schumer.
He called on the companies to add “thousands” of staff to process loan forgiveness applications and answer questions.
“We need our loan processors to get with it and inform students how to do this,” Schumer said at a Midtown press conference, adding that loan providers are currently understaffed.
“Right now, because of the overwhelming interest, you call up these loan processors and either no one answers or you have to wait on the phone for three, four hours and a lot of them don’t know the answers,” he said.
Read more: https://www.msn.com/en-us/news/us/with-student-loan-forgiveness-coming-schumer-calls-on-providers-to-staff-up/ar-AA11cZ12?cvid=e6c950ca6a554a23831a9ce33913fdb3