SALT LAKE CITY (ABC4 News) – In a letter obtained by NPR, the head of the Bureau of Consumer Financial Protection responds to questions by Senator Elizabeth Warren. It says, in part, that the Bureau has not been able to collect or analyze valuable data about student loans since December of 2017 because the Department of Education has advised loan servicers not to provide it.
President of the Utah Education Association Heidi Mattews says this action is “just one more example of a Department of Education that is out to really sabotage public education.”
Matthews expanded, “We see a significant decline in people choosing the field of education and I think this loan forgiveness fiasco or lack of loan forgiveness is really a contributing factor.”
Teachers working in certain fields and certain schools can have their loans completely forgiven after 5 or 10 years of on-time payments, but many report that accessing that program is impossible to navigate.
Experts say doing your research and being willing to self-advocate to your loan servicers becomes mandatory.