A new report from the Consumer Financial Protection Bureau (CFPB) finds that many qualified student borrowers have been delayed, or even denied, access to the Public Service Loan Forgiveness (PSLF) Program.
The program, a Department of Education initiative, allows borrowers to have their federal student loans forgiven after making 120 eligible payments over the course of 10 years working in eligible public service careers.
Yet despite meeting all eligibility requirements, the CFPB found that some borrowers have spent years paying into the program without receiving their promised loan relief.
After last month’s successful Advocacy Day in Washington, DC, advocacy efforts within many NACAC affiliates are on the rise.
Over the past several months, Alabama, Georgia, Mississippi, South Carolina, and Tennessee have hosted SACAC legislative days. Because SACAC is a regional affiliate, advocacy days take place in specific states, allowing members to meet with their own legislators and impact students where they live.
NACAC CEO Joyce Smith sent the following message to members last week:
I have seen a number of accounts about anxiety in our schools, colleges, and communities following the election, and I’ve heard from many of you who are asking about NACAC’s response.
As the dust settles from one of the most contentious presidential races in our history, concerns have emerged about the future of programs and initiatives that promote equal access to higher education, as well as the safety and security of the students we serve.