96 away from 28,000 Borrowers Approved for Public provider Loan Forgiveness … exactly what Does This Mean for everyone?

96 away from 28,000 Borrowers Approved for Public provider Loan Forgiveness … exactly what Does This Mean for everyone?

It’s been one 12 months since education loan borrowers have now been theoretically qualified to have their loans forgiven beneath the Public Service Loan Forgiveness (PSLF) system. Yet, from the 28,000 borrowers whom used, just 96 experienced their loans forgiven. This is certainly lower than one percent of candidates.

That quantity is shocking and talks volumes in regards to the problems of the billion-dollar servicing industry. More →