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A borrower defense loan discharge occurs when a borrower can show that their college or university violated state law related to your student loan or related to the educational services provided ...
Borrower defense to repayment: Trump’s first administration made attempts to limit the borrower defense to repayment program, which grants debt relief to people who were misled by their college.
Borrowers who think GCU made misrepresentations may qualify for borrower’s defense discharge and should apply online or call the Department of Education’s hotline at (855) 279-6207 if they ...
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 ...
The latest round of relief mostly comes through a program known as borrower defense, which allows students to get their loans canceled if they're cheated or misled by their colleges. It was created in 1994 but rarely used until a wave of high-profile for-profit college scandals during the Obama administration.
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 ...
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 ...
The additional $9 billion announced today by the Department of Education includes $5.2 billion for 53,000 PSLF borrowers, $2.8 billion for 51,000 borrowers under the one-time payment adjustment ...