Defense to Repayment: Federal Student Loan Forgiveness for Victims of Fraud

Defense to Repayment: Federal Student Loan Forgiveness for Victims of Fraud

Borrower Defense to Repayment allows a borrower to get Direct Loan forgiveness if they were defrauded by their school. Until 2015, only a handful of these claims were filed because nobody knew it was available – this in spite of the fact that the regulations have been on the books since 1994. Now, intense pressure from borrower groups has forced the U.S. Department of Education to come to grips with Borrower Defense to Repayment. Here’s what we know right now.

Defense to Repayment Federal Student Loan Forgiveness for Victims of Fraud

For more from Author Jay Fleischman, click here

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