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
Thank you @IlhanMN for your tireless work to #DefendStudents.
Betsy DeVos is STILL illegally seizing borrowers’ wages that they need to put food on the table and keep a roof over their head.
Enough is enough. Cancel every penny of student debt NOW.
This pandemic may be setting the stage for a for-profit college resurgence. Our fight to #DefendStudents, with the help of partners like @TICAS_org, goes on.
The woman who taught me basically everything I know about debt-financed #highered did a really cool thing — I’m so pumped to see @JoeBiden & @SenSanders’ unity task force build on so many of those important lessons! #defendstudents #college4all
Proud to have been part of the @JoeBiden @BernieSanders education unity task force. This collaborative & positive process gave me hope, it was a privilege to work with such a brilliant group! https://www.nbcnews.com/politics/2020-election/democratic-task-forces-send-biden-progressive-policy-roadmap-n1233198
DeVos Advances Trump-Like Vendetta Against College Accreditor http://ow.ly/DhMs50AsbYy via @DaHalperin #DefendStudents For more, see https://bit.ly/2Z3hrFI