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An estimated 200,000 defrauded former college students are set to have $6 billion in federal loan debt wiped clean as part of a proposed settlement agreement filed June 23 in federal court.
In 2023, the Education Department broke down claims into six distinct areas and revamped the borrower defense application. You may qualify if your claim falls into any of six categories ...
The remedy is the dismissal of some or all of federal student loans. Under the settlement, about 200,000 of the class-action borrowers who applied for borrower defense and whose school is on the ...
Student loan borrowers may have their existing federal student loan debt removed if they can prove that their school misled them. The program is called Borrower Defense to Repayment or Borrower Defense. Subsidies are conditional depending on financial need. Pricing and loan limits are determined by Congress.
May 1, 2024 at 3:00 AM. The Biden administration announced Wednesday it would be forgiving $6 billion in student debt for borrowers who attended the Arts Institutes. The 317,000 borrowers will ...
History. The Student Borrower Protection Center was founded in late 2018 by Seth Frotman, former student loan ombudsman at the Consumer Financial Protection Bureau; Mike Pierce, former lead higher education and consumer protection adviser at the bureau; and Bonnie Latreille, a former advisor to Frotman at the bureau.
The Education Secretary on Thursday announced a settlement of claims that would give roughly 264,000 student loan borrowers approximately $7.5 billion in debt relief.. The settlement resolves a ...
The settlement the lawyers drafted covered about 200,000 people nationally who had filed borrower defense applications at 153 schools listed for presumptive relief and either received no answer or ...
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