The Borrower Defense Rule gives the Education Department the authority to forgive federal student loans for students that prove their debt was incurred because they were defrauded by a school. It has been in place for over two decades. The Rule was clarified in late 20161 in the wake of the Corinthian Colleges closure by codifying a process for defrauded student loan borrowers to apply for loan forgiveness; limiting schools from using forced arbitration clauses and class action waivers on students; providing for automatic loan discharge for students at closed schools that do not complete their studies within three years of the school’s closure; authorizing group discharges when appropriate; and requiring schools at the highest risk of closing to set aside money to cover potential loan forgiveness, in order to protect taxpayers.
- Why is it so hard for Betsy DeVos to provide debt relief and loan forgiveness to students?
The Los Angeles Times
January 2, 2020
- Protect Veterans From Fraud
The New York Times
December 31, 2019
Unless Congress acts, predatory colleges will leave students with a subprime education and stick taxpayers with the bill. Learn more here http://ow.ly/OEDH50AMLGo #highered #DefendStudents
North Carolinians should be glad that @JoshStein_ is in their corner. Great work by @NCAGO and @mattliles in the fight to #defendstudents
BREAKING: Attorney General @JoshStein_ won a temporary restraining order against Stepping Stone Medical, an unlicensed medical technical school in Statesville that offers courses in phlebotomy, medical assisting, and medical billing. Read more: https://ncdoj.gov/attorney-general-josh-stein-wins-temporary-restraining-order-against-unlicensed-medical-technical-school-in-statesville/
Backlash begins against University of Arizona's acquisition of Ashford University via @insidehighered The contracts for these arrangements need intense scrutiny, as do the recruitment practices of the acquired entity. #highered #DefendStudents https://www.insidehighered.com/news/2020/08/04/backlash-begins-against-university-arizonas-acquisition-ashford-university
Unless Congress acts, predatory colleges will leave students with a subprime education and stick taxpayers with the bill. Learn more here http://ow.ly/yfLK50AMLEJ #highered #DefendStudents