Student loan forgiveness: The closed school discharge system is not working, government watchdog finds

Contributing sentiments towards policy:

50% : But between October 2018 and July 2020 when the automatic cancellation provision was in place, the ED discharged around $360 million worth of student loans for over 27,600 borrowers who never filed a single form, according to the GAO report.
49% : The move meant that "borrowers impacted by future closures will have to apply to receive a discharge," according to a preliminary report by the Government Accountability Office obtained by Yahoo Finance, warning that for those who do not know to apply "may face long term financial burdens from student loans that are past due or in default, even though those loans are eligible to be discharged."

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