#HappeningNow:
The Education Department has failed to properly implement the Public Service Loan Forgiveness program-leaving thousands of student borrowers without the debt relief they were promised.
Today, we're asking the Department to explain why.
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In 2018, Congress provided the Education Department $700 million to address issues with PSLF and make it easier for borrowers to receive loan forgiveness. One year later, only 1 percent of applicants have been approved.
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Kelly Finlaw, a NYC teacher and member, describes how the Education Department’s failure to implement the PSLF program has impacted her life.
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Today, @EdLaborCmte held a hearing on the failures of the Public Service Loan Forgiveness program.
UNEXCUSED ABSENCE: the CEO of the company that operates FedLoan, one of the nation’s largest student loan services.
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“I think what we see here is a failure of good faith on the part of the Education Department to actually make sure that this program is implemented the way it should be.”
Today’s hearing examined how a student loan forgiveness program ended up rejecting 99% of those who applied.
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