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.Are my student loans eligible for discharge under the borrower defense?
If some of your federal student loans are Federal Family Education Loan (FFEL) Program loans and/or Federal Perkins Loan Program loans, they are not eligible for discharge under the Borrower Defense to Repayment law or regulations. I attended Corinthian Colleges.What is the OMB number for student loan defense to repayment?
U.S. DEPARTMENT OF EDUCATION APPLICATION FOR BORROWER DEFENSE TO LOAN REPAYMENT OMB Number: 1845-0146 Expiration Date: 06/30/2023 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.What happens if a student loan is rejected for Borrower Defense?
Unfortunately, the loans would continue to accrue interest, so if a borrower is rejected for borrower defense, they could return to repayment facing an even larger balance. Kaplan said she elected to place her loans in forbearance to avoid the Department of Education garnishing her annual tax refund.