Public Service Loan Forgiveness: DOD and Its Personnel Could Benefit from Additional Program Information
Abstract
Personnel in the Department of Defense (DOD) - including service members and civilian employees - may be eligible for federal student loan forgiveness through the Public Service Loan Forgiveness (PSLF) program if they remain in public service employment for 10 years while making 120 qualifying loan payments, among other requirements. As of January 2020, Department of Education (Education) data show that 287 DOD borrowers received loan forgiveness, while 5,180 DOD borrowers (about 94 percent) were denied (see figure). The most common reasons for the denials were not enough qualifying payments and missing information on the form. GAO previously reported in September 2019 an overall denial rate of 99 percent for all PSLF applications submitted by borrowers. More information from DOD could help potential applicants be aware of all eligibility requirements.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 22, 2021
- Accession Number
- AD1157522
Entities
People
- Melissa Emrey-arras
- Tina W. Sherman
Organizations
- United States Government Accountability Office