What GAO Found
The Department of Education approved borrowers for its student loan debt relief program without implementing key procedures for preventing fraud. The program would have provided up to $20,000 of debt relief to borrowers who met certain income thresholds if they received a Pell Grant in college, and up to $10,000 if they did not. However, Education ceased work in response to court orders and did not relieve any debt. Education designed its approval processes to prevent ineligible borrowers from receiving relief. However, underlying Education’s efforts was its assessment that the program was at relatively low risk for fraud. Education officials said they prioritized approving eligible borrowers, but Education did not apply …
Read the full article at: https://www.gao.gov/products/gao-24-107142