In its first year, the forgiveness program turned away 71% of borrowers because of a paperwork technicality. Now, the department says it's fixing that roadblock.
A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers.
The senators are calling on the nation's stop consumer protection agency to investigate a loan servicer for the troubled student loan forgiveness program for public service workers.
The senators urged the director of the Consumer Financial Protection Bureau to do more to examine problems with a troubled loan forgiveness program, citing an investigative story by NPR this week.
One of the biggest U.S. teachers unions is suing the Department of Education, alleging a loan forgiveness program for millions of public service workers violates federal law and the Constitution.
If you're a teacher, you have one of the lowest-paid professional jobs in the U.S. Most require a four-year degree, which can require tens of thousands of dollars in loans that some struggle to repay.