Last October, NPQ covered the general public Service Loan Forgiveness (PSLF) system and noted compared to the very first 19,321 applications submitted for loan forgiveness, a total that is grand of passed muster. Those figures arrived on the scene year that is last A federal government Accountability Office (GAO) report and had been predicated on demands submitted at the time of April 2018.
In accordance with Michelle Hackman associated with Wall Street Journal, information is available these days through March 2019 while the figures are…not far better.
As Hackman writes, “More than 73,000 men and women have requested financial obligation forgiveness at the time of March 31 of the 12 months, based on Education Department information, but just 864 have experienced their loans erased. ”
No surprise the other 98.8 percent are none too pleased while the odds of getting loan forgiveness approved have quadrupled—from 0.3 percent to 1.2 percent—it’s.
Back in 2016, [...]