The latest statistics for public service loan forgiveness show that:
Of that total, approximately 102,051 applications have been processed. Another 8,677 applications are pending.Of approved applications, 76% of borrowers work for the government and 24% work for non-profit organizations.Only 845 borrowers have collectively received $52 million in public service loan forgiveness. The average student loan balance discharged is $61,592. That's less than 1%.
In fairness to the Education Department, DeVos did not create the student loan forgiveness program. Congress created the program; the Education Department’s job is to administer the program. DeVos has taken proactive steps to help improve the program, including a planned technology upgrade to improve student loan servicing. Earlier this month, DeVos met with student loan servicers to discuss how to improve performance.
they borrowed the money. they should pay it back