Jason Edwards, a communications professor at Bridgewater State University in Massachusetts, learned seven years too late that he didn't qualify for public service loan forgiveness. The Providence, Rhode Island, resident had been paying his debt for that long when the dreadful discovery arrived.The public service loan forgiveness program, signed into law by President George W.
The program's problems are complex. Lenders have failed to provide consumers with full, accurate information about the option. And the student loan system is famously complicated. There are some 14 ways to repay your education debt, a web of forgiveness options and a soup of wonky terms such as"forbearance" and"deferment."
Hoping to regain credit for those seven lost years, Edwards quickly applied. Since he'd been paying his student loans for another three years on an eligible plan, he figured he was an extra application away from being debt-free. Even as Congress has poured more money into this fund to help people who've been denied student loan forgiveness simply because they'd been repaying their debt in a"wrong" plan, its reach has proved disappointing. The Education Department has received more than 38,000 requests for the fix-it fund, yet just 262 have been approved. .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Education Education Latest News, Education Education Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Disgraceful’: Betsy DeVos says Education Department will investigate college admissions scandalEducation Secretary DeVos's comments come a day after reports of wealthy parents allegedly using fraud to get their children admitted to selective colleges. Ya, go figure... ALL ARE DEMOCRATS DONORS !!! Said it WaPo !!! Start with yourself Whew. With Betsy on it, sure we will get right to the bottom of it.
Source: washingtonpost - 🏆 95. / 72 Read more »
The Department Of Education's Hands-Off Of For-Profit Colleges May Be Hastening Their DemiseThe collapse of the Dream Center Education Holdings' for-profit college venture is just the latest in a lengthening line of failures in this sector. Far from saving this industry, Secretary DeVos's deregulation agenda appears to be enabling for-profit colleges to destroy themselves. Happy international women’s day Betsy. 'Public education is the LAST great economic equalizer.' When your house is falling down, u don't go & build another one. U work on the first 1 & make it better. When Wall St gets involved in education, somethings wrong. They only invest to MAKE money. period.
Source: Forbes - 🏆 394. / 53 Read more »
Trump seeks to slash $8.5 billion from Education Department budgetThe administration wants to eliminate programs for after-school activities and teacher training. realDonaldTrump MAKING AMERICA GREAT AGAIN 8.5B ? 😮and I have $0 ? How sway? He wants his f’ing wall at the expense of seniors, the poor and our children’s future
Source: washingtonpost - 🏆 95. / 72 Read more »
Marco Rubio, Elizabeth Warren look to stop states from suspending professional licenses over student loan debtThe bipartisan bill pushes back against states that suspend the professional licenses of workers who can't pay back their student loans.
Source: Newsweek - 🏆 468. / 52 Read more »
USC student was with friends when robbers demanded money and killed him, police sayVictor McElhaney, who was studying at USC’s Thornton School of Music, was fatally shot at the corner of Maple Avenue and Adams Boulevard shortly after midnight. It all is based upon reaction. As I walked home from the bus stop to my apartment, a thug (I expected it, in the semi-rough neighborhood I’m in) came up to my ear and said F—- Y—. I just kind of looked his way, without staring at him and kept on walking. The area needs a vigalente: police can't handle it. The very same way Pres Dutarte fixes drugs in the Phillipines: just nutarilize the problem privately. Sad when anyone loses their life so senselessly. Politicians shouldn’t be soft on crime, because criminals don’t differentiate between privileged and not. This “New Chapter” isn’t the right direction.
Source: latimes - 🏆 11. / 82 Read more »