On Thursday, Education Secretary Miguel Cardona wrote on Twitter that recent reforms to a federal program meant to provide student-debt relief to public servants, like teachers and nonprofit workers, is working. He said thousands of borrowers are on track, or have already gotten, student-debt relief.a series of reforms to the Public Service Loan Forgiveness program, which is meant to provide relief after ten years of qualifying payments, but has instead racked up a 98% denial rate.
PSLF was created in 2007, and since the first group of borrowers became eligible for forgiveness in 2017, the program ran up a, pushing many public service off track for loan relief they thought they receive. While the reforms are good news for those borrowers, though, many have reported confusion with the new rules.
A spokesperson for the Pennsylvania Higher Education Assistance Agency , which manages PSLF, referred Insider to a letter from Federal Student Aid head Richard Cordray addressing confusion that borrowers are facing, saying that"complex changes of this magnitude are hard to process and execute." "But we will get the changes made, and I pledge that to you today," Cordray said."We ask for your patience as we move forward."plans to shut down its federal loan services in December, but given administrative difficulties with transitioning 8.
So glad I worked to pay for school so my tax $$ can retroactively pay for their partying and poor outcomes 🙄
Unhealthy
You should not be allowed to comment on personal finance when your CEO is barred by the SEC.
拜登的教育部长说，30000名学生贷款借款人的债务已被冲销20亿美元
30,000. POTUS PressSec
Right