Why 4,500 Teachers Got Rejected For Student Loan Forgiveness

Why 4,500 Teachers Got Rejected For Student Loan Forgiveness

Here's what you need to know. In what appears to be an ongoing theme, another 4, 500 educators were rejected for student loan forgiveness — even though they apparently believed they met all the requirements. According to Politico: This wide-scale rejection raises a simple question: Should teachers who teach for 10 years get automatic student loan forgiveness? These statistics suggest that the denial for student loan forgiveness was not a local issue in a single school district, but a national problem. According to the latest student loan debt statistics, the Public Service Loan Forgiveness Program has a 98% rejection rate. Based on estimates from Student Borrower Protection Center, a leading non-profit advocacy group, 80% of student loan borrowers will continue to be rejected for student loan forgiveness through 2026. Student loan cancellation has become an hot issue, even if there's been no wide-scale student loan forgiveness. President Joe Biden is focused on improving student loan forgiveness and student loan repayment so that more student loan borrowers can get financial relief. According to Politico, the reasons for rejections ranged from incomplete or inaccurate paperwork to the wrong types of student loans. This is despite working as a teacher for at least