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Here’s a abominable statistic: 99% of bos who activated for accessible account accommodation absolution accept been rejected.

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Here’s what you charge to apperceive and what to do about it.

Student Accommodation Forgiveness: Debt Statistics

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According to Accomplish Lemonade, there are added than 44 actor borrowers who collectively owe $1.5 abundance in apprentice loans.

The U.S. Department of Education appear the latest statistics for accessible account accommodation forgiveness:

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As of June 30, 2018, 28,000 apprentice accommodation borrowers submitted 33,000 applications for accessible account accommodation forgiveness.

Of that total, about 29,000 applications accept been processed.

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Of that total, added than 70% of applications accept been denied due to apprentice accommodation borrowers not affair the affairs requirements. For example, borrowers did not accept acceptable apprentice loans, accomplish 120 condoning payments or accept condoning employment.

Another 28% of applications for accessible account accommodation absolution were denied due to missing or abridged advice on the appliance acceptance form.

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The Education Department brash these alone applications to abide a completed application.

So, who has been approved?

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Approximately 300 applications accept been accustomed and 96 borrowers accept collectively accustomed $5.52 actor in accessible account accommodation forgiveness.

Public Account Accommodation Forgiveness: Requirements

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Don’t become accession accessible account accommodation absolution bounce statistic.

If

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