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If your borrower defense application shows that your school, either through an act or omission, misled students about loan terms or their education, the U.S. Education Department may approve a ...
Student loan forgiveness has become a hot-button issue ever since President Joe Biden promised it on the campaign trail in 2020. While broad student loan forgiveness was struck down by the Supreme...
Looking at Public Service Loan Forgiveness, there are 890,516 borrowers and 41,221 submitted applications, only 423 of these applications were approved. This translated into about $12.3 million of forgiven loans, leaving the rest of the hundreds of millions left to be paid. [15]
With student loan payments for many borrowers set to start up again in October 2023, you may be wondering if you have any recourse. The SAVE Plan may help some borrowers reduce their payments down ...
On November 17, 2022, Alsup ruled in favor of 200,000 student loan borrowers in a class action lawsuit who claim that they were defrauded by for-profit colleges/universities. Alsup calls the program's backlog "an impossible quagmire... As of now, approximately 443,000 borrowers have pending borrower-defense applications. That is a staggering ...
The Supreme Court decided Friday to take up the Biden administration’s appeal defending its proposal to ease applications for the Borrower Defense student debt relief program. In a brief order ...
In 2018, the group joined the American Federation of Teachers to launch an investigation into the failure of the Public Service Loan Forgiveness program. [15] Over the course of three years, Student Borrower Protection Center supported litigation by teachers and uncovered evidence of government mismanagement and industry abuses across the student loan system, including evidence that Public ...
$2.1 billion discharged under borrower defense . U.S. citizens and eligible non-citizens with federally-backed student debt can apply for borrower defense if their college or career school ...