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The action applies to borrowers who enrolled in Phoenix between Sept. 21, 2012, and Dec. 31, 2014, and applied for a borrower defense loan discharge, a legal ground borrowers can take against a ...
The University of Phoenix is, objectively and factually, a terrible school. ... the Department of Education announced a recoupment action against the University of Arizona over 2,300 borrower ...
According to the Education Department, this included $37 million in relief for 1,200 borrowers who were “deceived” by the University of Phoenix, and another $72 million for 2,300 borrowers ...
The debtors filed under a rule known as Borrower Defense to Repayment. 2020s. Starting in March 2020, federal student loan borrowers received temporary relief from student loan payments during the COVID-19 pandemic. This relief was subsequently extended multiple times, and is set to expire at the end of June 2023.
University of Phoenix. University of Phoenix [3] ( UoPX) is a private for-profit university headquartered in Phoenix, Arizona. [a] Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels.
Under the settlement, about 200,000 of the class-action borrowers who applied for borrower defense and whose school is on the settlement list are entitled to automatic relief that includes full ...
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.
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.