US: Federal student loan forgiveness program rejects almost everyone, again - PressFrom - US
  •   
  •   
  •   

USFederal student loan forgiveness program rejects almost everyone, again

04:05  06 september  2019
04:05  06 september  2019 Source:   latimes.com

Education Department rejected 99 percent of applicants for student loan forgiveness program

Education Department rejected 99 percent of applicants for student loan forgiveness program The U.S. Department of Education accepted just one percent of applications in the first year of a revamped student loan forgiveness program, according to a government watchdog report. © ASSOCIATED PRESS FILE - In this Sept. 17, 2018, file photo, Education Secretary Betsy DeVos speaks during a student town hall at the National Constitution Center in Philadelphia. One of the nation's largest teachers' unions sued the U.S. Education Department on Thursday, July 11, 2019, over a federal program that promises to forgive student loans for public workers but has been beset by problems.

You may have received loans under other federal student loan programs , such as the Federal Family Education Loan (FFEL) Program or the Federal Contact your servicer to apply for income-driven repayment plans, student loan forgiveness , and more. Learn more about loan servicers.

Student Loan Forgiveness : Debt Statistics. According to Make Lemonade, there are more than 44 million borrowers who collectively owe .5 trillion in The Public Service Loan Forgiveness Program is a federal program that forgives federal student loans for borrowers who are employed full-time

WASHINGTON - Americans who spend at least a decade in public service jobs and faithfully make their federal student loan payments shouldn't owe any more. That's the idea behind a student debt forgiveness program the Education Department launched under President George W. Bush.

Federal student loan forgiveness program rejects almost everyone, again© Provided by Local News RSS EN-US

The first batch of teachers, nurses, military personnel and other public servants got to start applying for forgiveness two years ago, and the department - led by President Trump's appointee Betsy DeVos - rejected nearly 99% of them. The department said more than half of them were denied for not having 10 years' worth of qualifying payments. Applicants said that that loan servicers had misled them into enrolling in the wrong loan repayment plans, and a consumer protection agency accused the company overseeing the program of botching paperwork.

DeVos releases new loan forgiveness rule for students defrauded by their colleges

DeVos releases new loan forgiveness rule for students defrauded by their colleges Education Secretary Betsy DeVos on Friday unveiled a new loan forgiveness policy for students defrauded by their colleges. © Greg Nash DeVos releases new loan forgiveness rule for students defrauded by their colleges The new regulations, which take effect July 1, 2020, are a rewrite of Obama-era policies that DeVos has said were not working. The effort is one of several conducted under President Trump's administration to repeal or alter regulations initiated by his predecessor. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

How many student loan borrowers were approved for student loan forgiveness ? It's not as simple as saying you "work" in public service. The Public Service Loan Forgiveness Program is a federal program that forgives federal student loans for borrowers who are employed full-time (more than

Through the Public Service Loan Forgiveness Program , people with federal student loans can get their loans erased So why have so many borrowers had their forgiveness applications rejected ? Only federal direct student loans are eligible for PSLF. Currently, almost all new loans are direct

Congress stepped in and ordered a program expansion in 2018 to offer the applicants another chance to clear their federal student loans through a new program with simpler requirements. But a year later, a new watchdog report has found, the Education Department has rejected 99% of those applicants too.

The Government Accountability Office report released Thursday found that of the more than 54,000 applications to the new program - named Temporary Expanded Public Service Loan Forgiveness - processed through May, only 661 were accepted. Investigators said that of the $700 million Congress gave the department to spend on the new program across two years, it had used less than $27 million.

AOC slams Republicans, reveals how much she owes in student loans at hearing: 'This is our job'

AOC slams Republicans, reveals how much she owes in student loans at hearing: 'This is our job' Rep. Alexandria Ocasio-Cortez, D-N.Y., slammed Republicans after she revealed she owes nearly $20,000 in student loans at a House Financial Services Committee hearing on college debt Tuesday, according to a report. © Provided by Atlantic Media, Inc. AOC has questions about the Phillips Curve “I’m hearing people on this committee say it’s not our job,” she said, referring to Republicans, according to the New York Post. “This is our job.” The committee was discussing how to bring down the estimated $1.5 trillion in student debt owed in the United States.

When can my federal student loans be forgiven , canceled, or discharged? How do I apply to have my loan forgiven , canceled, or discharged? Do I need to make payments while my forgiveness , cancellation, or discharge application is being reviewed?

Whether or not federal student loan forgiveness programs are a good idea in theory, they're In 2009 he looked into the Teacher Loan Forgiveness program , which allows teachers who've been So again , a program that theoretically exists to help people like him doesn't actually do them any

The biggest reason borrowers were rejected from the new program, the report found, was that they hadn't separately applied to the original program - a requirement that Congress didn't order and that applicants found confusing. There's no formal appeals process, the report said, and key parts of the Education Department website lack information about the new program.

The Education Department failed to offer rejected applicants complete information on how to appeal, the report said. The rejection letter contains a phone number for the relevant loan servicer. The servicer could choose whether to take a second look at the application and could consult the Education Department - but the letter does not say so, the report said. Other avenues to an appeal are to complain to the Federal Student Aid ombudsman group or file a complaint through the Federal Student Aid website's feedback tool, but the Education Department intentionally does not tell applicants that, the report says.

AOC makes student loan payment during congressional hearing on loans

AOC makes student loan payment during congressional hearing on loans Rep. Alexandria Ocasio-Cortez used her bank account to make a point during a House Financial Services Committee hearing on student debt. Ocasio-Cortez opened her remarks by telling the witnesses and audience that she had made a student loan payment while attending the hearing. "I literally made a student loan payment while I was sitting here at this chair, and I looked at my balance, and it was $20,237.16," she said. "I just made a payment that took me down to $19,000 so I feel really accomplished right now." © Provided by USA TODAY, a division of Gannett Satellite Information Network, Inc.

And I agree that the student loan situation is ridiculous, but that's off on your tangent again . How irrational do you have to be to suggest borrowers should bear no responsibility for their decision to borrow - unless you think you and everyone else who was "taken advantage of" by these loans is so

Federal Student Loan Forgiveness . After graduating from college many people are left with That does not mean that everyone qualifies but for those that do it can relieve a great financial burden. The student loan forgiveness plan by Obama is basically a large change to the way the federal

The absence of information goes further, the report found. It said that the Education Department's "key online resources," such as its primary web pages and help tools, lack any information about the new program, and that the information is also missing from almost all loan servicers' websites.

The Government Accountability Office suggested ways to simplify the process. It recommended combining the applications for the original program and the new program. It also suggested that the Education Department clarify the options borrowers have to appeal decisions, that loan servicers be required to provide online information about the new program and that information about the new program be added to online help tools that are currently geared toward the original program.

"While the loan forgiveness opportunity through (the new program) is only available until the $700 million in funding has been spent, a relatively small amount of total funding has been spent so far," the report said. "It is possible that the program could continue for years, supporting the case for investing in improvements to the process now."

Visit the Los Angeles Times at www.latimes.com

Epson's new short throw projector has a screen that rejects room lighting.
If you're interested in a projector but you're fed up with washed out colors when you watch during the day, Epson might have the solution. The newly announced LS500 Laser Projection TV comes with a special screen to improve the viewing experience in ambient light. It comes in two sizes, with a 100-inch model that will cost $5000 and a 120-inch model that will be $6000, putting them in the same realm as LG's Cinebeam Laser 4K projector. The Epson has one big advantage over the LG though: that anti-reflection screen which is specially designed for short-throw projectors.

—   Share news in the SOC. Networks

Topical videos:

usr: 2
This is interesting!