viernes, 31 de enero de 2020

Education Dept. Unveils Fix For Student Loan Program's 'Bureaucratic Nightmare'

The change — which the department posted to the Federal Register without a news release or other public announcement — will address one of the most alarming revelations in the GAO's review: 71% of denials were essentially due to a paperwork technicality. According to the GAO, more than 38,000 applicants were denied relief under the expansion — known as Temporary Expanded Public Service Loan Forgiveness (TEPSLF) — simply because they hadn't first applied for and been denied PSLF.

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"We think it's a great move. It responds to our recommendation," said Melissa Emrey-Arras, who led the GAO investigation. "It is just so much simpler from a borrower perspective to have a single application. That way, you know, if you're eligible for the regular Public Service Loan Forgiveness, you can receive it. And if you're not, you can be considered for the Temporary Expanded process. It's like one-stop shopping."

Has anyone had trouble with the old system that this change might fix? It seems like a step in the right direction.

https://www.npr.org/2020/01/31/801367031/education-dept-unveils-fix-for-student-loan-programs-bureaucratic-nightmare



Submitted January 31, 2020 at 08:56PM by goofballl https://ift.tt/2RMXIX3

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