This data is interesting and seems to confirm the rough numbers in MT's article. 1.66% of people who applied to the program have received it as of nov 2020. 91% of the applications have been processed. Most are rejected for not enough qualifying payments made yet(59%), "missing information"(26%), or no eligible loans(11%). Presumably peo…
This data is interesting and seems to confirm the rough numbers in MT's article. 1.66% of people who applied to the program have received it as of nov 2020. 91% of the applications have been processed. Most are rejected for not enough qualifying payments made yet(59%), "missing information"(26%), or no eligible loans(11%). Presumably people thought they qualified or they wouldn't have gone through the trouble to submit the application. This data to me says that the terms of this program are so confusing that the vast majority of people thought they qualified, but did not. Imagine if a private company led people on like that for ten years and then pulled the rug from under them!!
This data is interesting and seems to confirm the rough numbers in MT's article. 1.66% of people who applied to the program have received it as of nov 2020. 91% of the applications have been processed. Most are rejected for not enough qualifying payments made yet(59%), "missing information"(26%), or no eligible loans(11%). Presumably people thought they qualified or they wouldn't have gone through the trouble to submit the application. This data to me says that the terms of this program are so confusing that the vast majority of people thought they qualified, but did not. Imagine if a private company led people on like that for ten years and then pulled the rug from under them!!
You honestly thing private companies don't lead people on ? Where are from ?
Nothing worse than being frowned upon by corporate puppets and fielding some mean tweets on twitter while counting your billions.
If recent events are any indication that is.