GAO’s report on the Public Service Loan Forgiveness Program finds the Education Department guidance and instructions “piecemeal” and confusing.
The Public Service Loan Forgiveness (PSLF) Program, established by law in 2007 and administered by the Department of Education, is intended to encourage individuals to enter and continue careers in public service by forgiving borrowers’ remaining federal student loan balances after they have made at least ten years of loan payments while working in public service and meeting other requirements. Only loans provided through the William D. Ford Federal Direct Loan (Direct Loan) program qualify for forgiveness. To date, there are over 890,000 individuals enrolled in the program. The first borrowers became eligible in September 2017. Out of the 19,000 applications submitted for loan forgiveness, just 55 had been approved at the time of this new General Accountability Office (GAO) study. Continue reading “Education Department’s Handling of Public Service Loan Forgiveness Program Gets a Bad Grade”
Government funding for Fiscal Year 2019 remains in flux for several agencies, the resolution of which may hinge on the midterm elections.
Last month, the President signed H.R. 6157, a bill providing Fiscal Year (FY) 2019 funding for several agencies covered by the Department of Defense and Labor-Health and Human Services appropriations bills as well as a Continuing Resolution (CR) for other agencies that have otherwise not received FY19 appropriations, thereby preventing a partial government shutdown until December 7, 2018. Agencies funded by the Military Construction-Veterans Affairs, Legislative Branch, and Energy and Water appropriations bill received their full-year funding under previously enacted legislation. Continue reading “Update on Government Funding for FY19”