PHEAA keeps don’t processes IDR programs regularly and has now don’t truthfully estimate monthly obligations
New york – Ny Attorney General Letitia James today charged the brand new Pennsylvania High Studies Assistance Company (PHEAA) – among the many state’s premier student loan servicers – for failing to properly provide individuals Services Financing Forgiveness (PSLF) system. PHEAA’s deceptive, unfair, and you may abusive techniques in applying brand new federal system enjoys discussed significantly towards the plethora of rejected PSLF software, while a great deal of The fresh Yorkers was eligible for the application.
“Despite a decade of honorable public service to our state and this nation, hard-working New Yorkers have been left with nothing but the runaround and broken promises,” said Attorney General Letitia James. “PHEAA’s abuses have not only denied these dedicated public servants the benefits they have earned, but have undermined the goals of the loan forgiveness program. My office will never tire in our efforts to hold companies accountable for their lies and deception, and will never stop fighting to advocate on behalf of our state’s public servants.”
The new PSLF program was created inside 2007 to help you prompt graduates so you can are employed in public service through providing loan forgiveness so you can borrowers just who complete a time period of public service and make certified money into the its student education loans. Read More
