Federal law allows students whose schools have defrauded or cheated them to have their loans discharged. Prior to 2016, there were few details in law or regulation about how borrowers could seek discharges or the U.S. Department of Education’s (ED) process for adjudicating them. In 2016, the Obama Administration issued a rule to articulate clear processes for applying for and granting borrower defense discharges. Today, the Trump Administration released a new rule that will make it almost impossible for students to get relief. A joint fact sheet from TICAS, the Century Foundation, and National Consumer Law Center outlines the key differences between the rules.
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Forced arbitration clauses deny private loan borrowers access to justice! A @CFPB study found arbitration clauses are extraordinarily prevalent and effectively squelch consumer claims. #EndForcedArbitration #ProtectBorrowers #DefendStudents #FAIRAct http://bit.ly/yu-test-sept19
We stand with Nicholas Wooldridge of @BlueStarFamily testifying today @usedgov, "We call on the Department of Education to ensure the strong implementation of the new law to close the 90-10 loophole and should not allow the weakening of these provisions." #defendstudents
We stand with Ashlynne Haycock of the @TAPSorg testifying today @usedgov, "We strongly encourage the Department of Education to include both Chapter 35 and Montgomery GI Bill benefits in the final calculation for 90/10." #defendstudents
Statement From Federal Student Aid Chief Operating Officer Rich Cordray Regarding Loan Servicer Contracts http://ow.ly/2v2550Gykz8 via @usedgov For more on student loan servicing and how it affects borrowers, visit @NACAC https://bit.ly/3v3fcR1 #studentloans #DefendStudents
Student #Veteran Jonathan Banasihan powerfully expresses his support for the closure of the 90/10 loophole, "The institutions that target veterans, that market themselves on every base and on every media, do not act in good faith.” #defendstudents