Senators demand investigation into mismanagement of student loan program

 

Source: Avie Schneider & Chris Arnold, NPR

Twenty-three U.S. senators are calling on the nation's top consumer protection agency to investigate a loan servicer for its role in a troubled student loan forgiveness program. The program is designed to help public service workers like teachers and police officers.

The loan servicer, the Pennsylvania Higher Education Assistance Agency, better known as FedLoan and PHEAA, is one of the entities that handles the Public Service Loan Forgiveness Program.

But, as NPR has reported, the program is rejecting 99% of people who think they have made qualifying payments for 10 years when they apply to get their loans forgiven.

Read Full Article: Senators demand investigation into mismanagement of student loan program

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