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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 ...
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 ...
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 ...
Student loan borrowers may have their existing federal student loan debt removed if they can prove that their school misled them. The program is called Borrower Defense to Repayment or Borrower Defense. [74] Subsidies are conditional depending on financial need. Pricing and loan limits are determined by Congress.
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 ...
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 ...
More than 200,000 borrowers who were misled by colleges will have loans discharged. The $6 billion in student loan cancellation through borrower defense Skip to main content
The proposal was unsuccessful, but the department stopped processing borrower defense claims while fighting challenges in court. As a result, a backlog of more than 200,000 claims piled up.