99% Of Applications Denied In Federal Student Loan Forgiveness Program

The video discusses the temporary expanded public service loan forgiveness program, which aims to erase federal student loan debt for eligible borrowers. The Government Accountability Office analyzed data from May 2018 to May 2019, revealing a 99% denial rate due to a confusing application process. The program requires borrowers to apply for the original forgiveness program first. The Education Department plans to implement recommended changes to reduce confusion.

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