Keyword Analysis & Research: borrower defense claim status

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What is a borrower defense claim approval?

These approvals cover two categories of claims submitted by borrowers who attended ITT: their likely employment prospects and the ability to transfer credits. This is the first approval of a new category of borrower defense claims by the Department since January 2017.

What is “borrower defense to repayment?

If your school misled you or engaged in other misconduct, you may be eligible for “borrower defense to repayment,” which is the forgiveness of some or all of your federal student loan debt. FORM INSTRUCTIONS : To apply, you must complete, sign, and submit this form to the U.S. Department of Education for review.

When will the Education Department review the pending borrower defense claims?

● May 2020: In a potentially landmark settlement, the Education Department agreed to review the 170,000 pending borrower defense claims within 18 months. The class-action lawsuit brought by the Project on Predatory Student Lending wasn’t finalized by June 3, 2020.

What happens if my application for Borrower Defense is denied?

If your application for borrower defense is denied, or partially approved, the total amount you owe on those loans may be higher. PLEASE NOTE: You do not have to place your loans in forbearance or stopped collections to apply for borrower defense relief.

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