WebFeb 16, 2024 · Today’s actions bring the total amount of approved relief under borrower defense to repayment to approximately $2 billion for more than 107,000 borrowers. “When colleges and career schools put their own interests ahead of students, we will not look the other way,” said Federal Student Aid Chief Operating Officer Richard Cordray. WebSep 21, 2024 · 1. Start filling out the borrower defense application on studentaid.gov. First, you need to start filling out the borrower defense application, which can be found at …

Future of Borrower Defense May Look Different - Commentary

WebMar 26, 2024 · Then, you need to send your completed form to the U.S. Department of Education by email to [email protected] or by regular mail to U.S. Dept. of Education – Borrower Defense to Repayment, P.O. Box 1854, Monticello, KY 42633. If you submit your PDF application by email, you need to upload an electronic version of … WebMar 23, 2024 · The change is retroactive for those who qualified for partial borrower defense loan discharge in the past — helping an estimated 72,000 borrowers with $1 billion in loan cancellation. dr goads

Borrower Defense to Repayment Federal Student Aid

WebApril 13, 2024. Jonathan Helwink, an attorney with Duane Morris and former advisor to the U.S. Secretary of Education, writes: On July 1, the U.S. Department of Education’s new borrower defense to repayment (BDTR) regulations will go into effect. Now in its fourth iteration, the latest BDTR rule will be much stronger than its predecessors in ... WebMar 26, 2024 · In June of 2024, $500 million of relief was granted to 18,000 former ITT Technical Institute (ITT Tech) students. In July of 2024, 1,800 borrower defense applications were approved for three different … WebThe Borrower Defense process has been difficult to navigate, and we have been the first to hold the Department accountable for failing to follow the law on borrower defense. But, … rak dorong