Department of Education is refusing to process Borrower Defense Discharge applications
The Department of Education under Betsey DeVos is engaged in a full on assault against the rights of student loan borrowers. The borrower defense discharge was an effective tool that helped thousands of federal student loan borrowers discharge their loans if they were the victims of for-profit school frauds. The current administration is refusing to process tens of thousands of pending applications. The Office of Inspector General is attempting to correct this. From the Wash
Department of Education attempts to block Borrower Defense Rule; 19 Attorney Generals sue.
Inexplicably, the Department of Education has elected to block the rule known as the "Borrower Defense Rule." Last fall, in response to several cases of for-profit colleges closing amid allegations of fraud, the Department of Education released updated rules, called the borrower defense to repayment regulations, to provide relief to federal student loan borrowers defrauded by their schools. These rules were meant to streamline the process for such claims and help ensure that
Older Student Loan Borrowers Being Pushed Into Poverty
According to a new report by the National Consumer Law Center, the collection practices on federal student loans are increasingly forcing older adults into poverty by seizing Social Security benefits to repay defaulted student loans. Social Security provides a crucial safety net that typically accounts for the majority of an older adult's cash income, and, in many cases, it accounts for nearly all of the older adult's income. Without Social Security, almost half of all older
Our Interview with Fox 5 on Student Loan Forgiveness Problems
I did an interview with Dane Fowle and the I-Team at Fox 5 here in Atlanta last week. They were doing a story on the problems with the student loan forgiveness program and they were kind enough to interview me for their story (even though they spelled my name wrong). http://www.fox5atlanta.com/news/i-team/249943208-story #DepartmentofEducation #FedLoansServicing #PublicServiceLoanForgiveness
Problems with the Public Service Loan Forgiveness Program
What has caused a recent panic is that some borrowers had previously received letters back from FedLoan Servicing telling them their employe