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How Does Borrower Defense to Repayment Work? As of July 2023, the ED discharged more than $20.7 billion in debt across more than 1.3 million student loan borrowers. This includes a group of ...
The relief was approved under the borrower defense to repayment program, which grants debt discharges for borrowers who were misled by their colleges. ... but the department stopped processing ...
The page provides detailed steps you can take toward a “borrower defense to repayment,” which basically means you have legal grounds to discharge federal student loans if your school misled ...
Then-Secretary of Education Betsy DeVos rewrote the Borrower Defense to Repayment, which discharges federal student loans if a school misled a student or “engaged in other misconduct in ...
Borrowers with pending discharges erroneously placed in repayment. Some borrowers whose debt was pending discharge as part of the borrowers defense discharge were put back in repayment status ...
In recent years, some students who attended for-profit schools have had their loans canceled under a program called borrower defense to repayment, which protects loan holders from having to pay ...
Borrower defense It’s a similar story with the borrower defense rule, which allows former students to ask for debt relief if they have been scammed by their college, while putting the school on ...
The spokesperson said the department paused payments for borrowers with approved discharges and recommended that borrowers with questions on the status of their applications call the borrower ...