"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
99.5% Of People Are Rejected For Student Loan Forgiveness Program
Source Date:
Thursday, January 3, 2019
Categories:
It looks like things haven't improved much for student loan borrowers: 99.5% of people who applied for public service loan forgiveness have been rejected.
Here's what you need to know and what to do about it.
Student Loan Forgiveness: Debt Statistics
The U.S. Department of Education released the latest statistics for public service loan forgiveness:
As of September 30, 2018, 41,221 student loan borrowers submitted 49,669 applications for public service loan forgiveness.
Of that total, approximately 44,700 applications have been processed.