U.S. Secretary of Education Betsy DeVos (picture by Zach Gibson/Getty pictures)
The latest education loan financial obligation data reveal that significantly more than 99percent of individuals who sent applications for general general general public solution loan forgiveness have already been refused.
Here’s what you should know and how to proceed about this.
Education Loan Forgiveness: Debt Data
The U.S. Department of Education circulated the newest data for general general public solution loan forgiveness:
- At the time of December 31, 2018, 53,749 education loan borrowers presented 65,500 applications for general public service loan forgiveness.
- Of the total, roughly 58,000 applications have now been prepared. Another 7,200 applications are pending.
Just just How numerous education loan borrowers had been authorized for education loan forgiveness?
Roughly 610 applications were authorized and 338 borrowers have collectively gotten $21.1 million in public areas solution loan forgiveness. Cumulatively, no more than 640 borrowers have obtained general public solution loan forgiveness predicated on approximately 132,000 processed applications. That is lower than 0.5percent. Continue reading “99% Of Borrowers Rejected Again For Student Loan Forgiveness”