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This federal federal federal government loan forgiveness system has refused 99% of borrowers up to now

This federal federal federal government loan forgiveness system has refused 99% of borrowers up to now

Posted: Sept 23, 2018 8:55 a.m. ET

Just 96 folks are within the very first cohort of borrowers of the general public provider Loan Forgiveness program

JillianBerman

Thus far, roughly 99percent of prepared applications for forgiveness under a federal government program targeted at assisting general public servants handle their federal student-loan debt had their applications rejected.

At the time of June 30 of the 12 months, about 28,000 borrowers submitted 33,300 applications to own their loans released underneath the Public provider Loan Forgiveness program, an effort launched in 2007 which allows borrowers who work with certain kinds of general public solution to own their federal student education loans cleaned away after a decade of repayments. (more…)