“ The original cohort regarding consumers turned into permitted has actually the finance released under the program in the 2017, 99% of your apps was indeed refused. ”
Consumers exactly who grabbed aside figuratively speaking regarding 2010 into, and thus that would basic qualify for forgiveness under PSLF into the 2020, was merely provided the type of financing one to qualifies on program.
Due to the fact student loan ombudsman from the User Monetary Safety Bureau, the guy informed from possible challenges up against PSLF before the first cohort turned eligible for forgiveness.
At the same time, the newest GAO statement released Thursday, suggests that many obstacles candidates in those very first cohorts experienced accessing forgiveness persist. The fresh Department out of Degree failed to instantaneously answer an ask for touch upon the newest statement.
Within his a reaction to the latest GAO, Draw Brown, good Betsy DeVos appointee who had been the chief working manager at Federal College student Assist in this new Company off Degree before stepping down during the February, said the new department consented on GAO’s suggestions.