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U.S. Education dept. rejected 99% of student borrowers

Source: Cory Turner, NPR

A new report from a government watchdog, obtained by NPR, says an expanded effort by Congress to forgive the student loans of public servants is remarkably unforgiving.

Ninety-nine percent of loan-forgiveness requests under the Temporary Expanded Public Service Loan Forgiveness (TEPSLF) were rejected during the program's first year (May 2018 to May 2019.)

According to the GAO's yearlong review of the program, 71% of all TEPSLF denials were rejected because of this one hurdle — asking borrowers to first apply for a program they know they do not qualify for.

Read Full Article: U.S. Education dept. rejected 99% of student borrowers


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