Additional Student Loan Forgiveness Through the Borrower Defense Program
Student loan borrowers’ hopes that federal courts would intervene and overturn DeVos’ strict new Borrower Defense rules were dashed last week whenThus, at least for the immediate future, the stricter Borrower Defense regulations — which increase the burden of proof required for student loan borrowers to have their claims approved, require that borrowers show they were harmed financially, and narrow the definition of school-related misrepresentations — remain in effect.
Alternatively, Congress could pass new legislation reversing the regulations currently in place and replacing them with new rules that are more favorable to borrowers. This would be a much faster route to reforming the Borrower Defense program. Such legislation passed Congress with bipartisan majorities in 2020, but it wasMeanwhile, ongoing class action lawsuits and other litigation regarding the Borrower Defense program continue to play out in federal courts.
So far, the Biden administration has not started any process to enact these reforms through the regulatory process, which means the most likely avenue for changes to these programs would be via Congressional legislation. Democratic lawmakers introduced several bills last session designed to address problems with these programs, but the bills got nowhere in the Republican-controlled Senate.
The dollar bill is an object, not a currency. I would have never got into crypto if I didn't realize that. The best part is we're still early
Have students borrow the money FROM local bank or the college. In the contract have a clause that if school doesn't provide the following... then contract void / no payment needed.
If, you forgot the if on your crappy attempt to get clicks. Do better.
Hey, Being responsible, I payed mine off - do I get my money back? This on a teacher's pay!
The GOP must do a medical DNA verification of Biden on the screen as soon as possible to verify the authenticity and authenticity!
By reducing the amount of fees charged by American universities or implementing free education in American universities, the debt problem of American students can be permanently solved!
We could force the colleges to give refunds
What about prior generations whose parents had to work multiple jobs & the students having part time jobs? What about future generations, how is it fair for them to pay? Is this really the luckiest student generation?
aren't they just bailing out overpriced institutions like the universites?
Biden didn't 'cancel' the student loans, he merely transferred the debt to the working class and the middle class aka the majority of the taxpayers. More shameless economic fake news and disinformation.
Can we go somewhere today?