Dem Senators Say Mismanaged Student Loan Program Screwed Thousands

[riversedge]

Source: huff post




10/30/2019 08:50 am ET


Lawmakers demanded that the Consumer Financial Protection Bureau investigate a loan forgiveness program for teachers and other public service workers.


A group of Democratic senators demanded that the top consumer financial watchdog agency immediately investigate an embattled student loan servicer and its alleged mismanagement of a federal program designed to forgive the loans of teachers, nurses, firefighters and other public service workers.

The 23 senators said in a Monday letter addressed to Kathleen Kraninger, the director of the Consumer Financial Protection Bureau, that the Pennsylvania Higher Education Assistance Agency had committed many “missteps” and “errors” in its servicing of the Public Service Loan Forgiveness program ― resulting in “harm to tens of thousands of public service workers and their families.”
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Read more: https://www.huffpost.com/entry/public-service-loan-forgiveness-program-senators-cfpb-investigation_n_5db945d6e4b066da55291b4b

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[BlueWI]

1. This story needs to stay in the news.

Students work hard to follow their ambitions and build a future through a college education. They deserve better, and they deserve to know who stands in the way.