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Servicing Issues May Hamper U.S. Student-Loan Forgiveness For Thousands

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Nurses, teachers and other public-sector workers expecting their outstanding student loans to soon disappear under a U.S. debt-forgiveness program could be in for a surprise, with a government report on Thursday showing loan servicers may have mishandled the process for many borrowers. President Donald Trump has called for eliminating the Public Service Loan Forgiveness program, where the loans of borrowers working for government, non-profits or the military are wiped out after 10 years of consistent payments. The report from the Consumer Financial Protection Bureau found cases where servicers did not provide information or gave wrong or confusing information, leading borrowers to believe they would receive forgiveness when in truth they were not eligible.http://feeds.reuters.com/~r/Reuters/d... http://www.wochit.com This video was produced by YT Wochit Vote It using http://wochit.com


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