Education Dept. Unveils Fix For Education Loan Program’s ‘Bureaucratic Nightmare’
Education Secretary Betsy DeVos testifies on Capitol Hill in Washington, D.C., in December. Alex Wong/Getty Photos hide caption
Education Secretary Betsy DeVos testifies on Capitol Hill in Washington, D.C., in December.
Public servants with figuratively speaking had been furious, together with U.S. Department of Education heard them. The division unveiled Thursday it will simplify the method for borrowers to utilize for an expansion associated with the difficult Public Service Loan Forgiveness (PSLF) system.
The move uses a damning Government Accountability Office review, first reported by NPR. For the reason that 2019 review, the federal watchdog discovered that throughout the expansion system’s first 12 months, the division turned away 99% of candidates.
The change — which the division posted towards the Federal enter with no news launch or other general public statement — will address perhaps one of the most alarming revelations into the GAO’s review: 71% of denials had been basically because of a documents technicality. In line with the GAO, a lot 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 first requested and been denied PSLF.
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