So what will happen to these students who have had their loans in
forbearance for months and years, haven't been making
principal payments or interest payments, and their case ends up not going
through to receive a discharge?
Your letter of January 20th made no mention of this, even though the supporting documentation showed that
principal reductions would save taxpayers more money than
principal forbearance, if modifications are limited
through the use of a net present value test.