99% Of Borrowers Rejected Once Again For Student Loan Forgiveness

99% Of Borrowers Rejected Once Again For Student Loan Forgiveness

U.S. Secretary of Education Betsy DeVos (Photo by Zach Gibson/Getty graphics)

The student loan debt statistics that are latest reveal that a lot more than 99% of people that sent applications for general general public solution loan forgiveness have already been refused.

Here is what you must know and what you should do about any of it.

Education Loan Forgiveness: Debt Data

The U.S. Department of Education circulated the most recent statistics for public solution loan forgiveness:

  • At the time of 31, 2018, 53,749 student loan borrowers submitted 65,500 applications for public service loan forgiveness december.
  • Of this total, approximately 58,000 applications have already been prepared. Another 7,200 applications are pending.
  • Of that total, significantly more than 73% of applications happen denied because of education loan borrowers maybe perhaps not fulfilling the system demands. For instance, borrowers didn’t have student that is eligible, make 120 qualifying re re re payments or have qualifying work.
  • Another 25% of applications for general general general public solution loan forgiveness had been rejected because of lacking or information that is incomplete the employment official certification type. Continue reading