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The settlement became effective on Jan. 28, 2023. The agreement affects the processing of borrower defense applications filed on or before Nov. 15, 2022. Read the findings ED used to approve borrower defense claims. To learn more about borrower defense, please review these frequently asked questions:
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- The Regulation
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- Sweet V. Cardona (Formerly Sweet V. DeVos Settlement
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24 Σεπ 2024 · What GAO Found. The Department of Education can approve relief for student loan borrowers through a process called borrower defense to repayment (borrower defense) if colleges engaged in certain types of misconduct. As of April 30, 2024, Education had discharged (i.e., forgiven) a cumulative total of $17.2 billion in federal student loans for ...
21 Ιουλ 2022 · A federal judge granted preliminary approval of a settlement that would cancel the loans of more than 200,000 student borrowers who say they were defrauded by their colleges.
31 Οκτ 2022 · The U.S. Department of Education on Monday released final rules affecting key parts of the federal student loan system, including two programs that can clear some borrowers' debts: borrower defense to repayment and closed-school loan discharges. The changes won't just affect student loan borrowers.
17 Νοε 2022 · A federal judge in San Francisco granted final approval Wednesday to a settlement that could cancel at least $6 billion in federal student loans for approximately 200,000 borrowers who argued...
1 Νοε 2022 · In this Federal Register notice, the Department amends regulations on a range of student loan relief programs authorized by the Higher Education Act (HEA). Borrower Defense to Repayment: These regulations establish a framework for borrowers to raise a defense to repayment.
Borrowers can now apply for income-driven repayment (IDR) plans electronically rather than needing to upload an application to our website. Please visit StudentAid.gov/IDR to submit your application.