How to get $700 million of student loan forgiveness:
, says a confusing student loan forgiveness program and process resulted in 99% of the 54,184 completed requests for student loan forgiveness being denied. From May 2018 to May 2019, Congress only spent $27 million of the $700 million on 661 requests for this new student loan forgiveness effort, according to the Government Accountability Office.
. The Department agrees with the GAO's recommendations about how to improve the programs; a number of our efforts are already underway."In May 2018, the U.S. Department of Education announced the details of the Temporary Expanded Public Service Loan Forgiveness program. This program provides for student loan forgiveness for borrowers who previously chose an ineligible repayment plan as part of the Public Service Loan Forgiveness program.
Typically, there are two types of employers: a) state, local and federal government; and b) 501 non-profit.The Public Service Loan Forgiveness program does not forgive private student loans - even if you work in public service. If you're not sure what type of student loans you have, check with your student loan servicer or through Federal Student Aid.
I request that the U.S. Department of Education respectfully reconsider my eligibility for public service loan forgiveness.
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