Share, email, print, bookmark SOURCE reports.

In full transparency, the following is a media release from Sen. Elizabeth Warren’s office. She was elected by voters in the Commonwealth of Massachusetts to serve the state in Washington DC in the US Senate. She is a Democrat.


[broadstreet zone=”70106″]

WASHINGTON DC – United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Armed Services (SASC) Committee, made the following statement regarding findings from a Government Accountability Office (GAO) report, which her NDAA amendment mandated, on the effectiveness of the Public Service Loan Forgiveness (PSLF) Program for individuals in military service and civilian careers at the Department of Defense (DoD):

“The Public Service Loan Forgiveness Program is supposed to forgive student debt for public servants after ten years, yet these report findings show that this program has been nothing short of a disaster. Our student loan system is utterly broken, and the best way to deliver relief to borrowers and service members crushed by student loan debt is to cancel their debt — and not after ten years of bureaucratic torture and miscounted payments, but today,” said Senator Warren.

[broadstreet zone=”53230″]

The PSLF Program is intended to encourage people to enter public service by forgiving student debt for public servants after ten years. According to the GAO report, which analyzed student loan data from the beginning of the PSLF Program in 2007 through January 2020, the data show “that 287 DoD borrowers received loan forgiveness, while 5,180 DOD borrowers (about 94 percent) were denied.”

The FY2020 National Defense Authorization Act (NDAA) included Senator Warren’s amendment requesting this report to study the effectiveness of the PSLF Program at promoting military and civilian recruitment and retention as well as military readiness. 

[broadstreet zone=”54526″]

By editor

Susan Petroni is the former editor for SOURCE. She is the founder of the former news site, which as of May 1, 2023, is now a self-publishing community bulletin board. The website no longer has a journalist but a webmaster.