This scathing new report shows that student loan forgiveness is in disarray
The latest statistics for public service loan forgiveness show that:
Of that total, approximately 102,051 applications have been processed. Another 8,677 applications are pending.Of approved applications, 76% of borrowers work for the government and 24% work for non-profit organizations.Only 845 borrowers have collectively received $52 million in public service loan forgiveness. The average student loan balance discharged is $61,592. That's less than 1%.
In fairness, the Education Department, led by U.S. Secretary of Education Betsy DeVos did not create the student loan forgiveness program. Congress created the program; the Education Department’s job is to administer the program. DeVos has taken proactive steps to help improve the program, including a planned technology upgrade to improve student loan servicing. Earlier this month, DeVos met with student loan servicers to discuss how to improve performance.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Why the next 100 days are critical for TrumpThe next 100 days will be critical to understanding whether President Donald Trump will win a second term in office | Analysis by Harry Enten
Leer más »
Photographer iO Tillett Wright Has 9,900 Queer Portraits Down, and 100 More To Go'I decided to go out and photograph every single queer person I could get to. Which at the time, amounted to 36 people.'
Leer más »
Gabriela Hearst to Donate 100 Percent of Proceeds to Help Children in YemenThe luxury designer partners with nonprofit Save the Children to support relief efforts in the country.
Leer más »
Oh, No Big Deal, We Just Found 100 of the Best Gifts Under $100 at NordstromGifting is one of the best parts of the holidays, but it can also be one of the most stressful aspects. There's a lot of people to shop for, like family,
Leer más »
E. coli outbreak linked to California romaine lettuce expands with more than 100 sickMore than 100 people in 23 states have been infected with a strain of E. coli linked to romaine lettuce harvested in Salinas, Calif., the CDC said.
Leer más »