Public servants with student education loans were furious, while the U.S. Department of Education heard them. The division unveiled Thursday that it’ll simplify the method for borrowers to try to get an expansion associated with Public that is troubled Service Forgiveness (PSLF) system.
The move uses a damning Government Accountability Office review, first reported by NPR. In that 2019 review, the federal watchdog unearthed that through the expansion system’s first 12 months, the division switched away 99% of candidates.
The change — which the division posted towards the Federal enter without having a news launch or any other announcement that is public will address probably one of the most alarming revelations within the GAO’s review: 71% of denials had been really because of a paperwork technicality. Based on the GAO, significantly more than 38,000 candidates had been rejected relief beneath the expansion — referred to as Temporary Expanded Public Service Loan Forgiveness (TEPSLF) — merely since they had not very very very first sent applications for and been denied PSLF.
The division’s fix will be combine the 2 programs into one form to ensure borrowers trying to get TEPSLF will no longer need to first file a split application for PSLF.
The department said of the fix: “We believe borrowers will be better served by using a single form for both programs in a statement. Continue reading “Education Dept. Unveils Fix For Education Loan Program’s ‘Bureaucratic Nightmare’”