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Federal appeals court blocks new borrower-defense rules

Biden administration has already used the new rules to forgive $130 million in student loans for 7,400 borrowers from a for-profit Colorado college. Additional loan discharges will be on hold until a court weighs the rule’s legality. A federal appeals court has blocked the latest version of U.S. Education Department rules that allow borrowers to apply for relief from their student debt if their college or university misled them or violated certain state laws.
United States Jason Altmire Eileen Connor Department Of Education Us Education Department Education Department

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Program offers student debt solution

WASHINGTON -- For decades, a lesser-known program for federal student loan recipients has allowed borrowers to assert a defense to repayment if a school misled them or broke state law. But under President Joe Biden, the Department of Education has increased its processing of borrower defense applications, overhauled the regulations governing the program and used it to cancel billions in debt for people who attended for-profit schools accused of defrauding students.
New York United States Parsons School Department Of Education District Of Columbia Long Island

Biden has quietly forgiven billions in student loans despite setbacks for his signature debt plan

Under President Joe Biden, the Education Department has ramped up processing borrower defense applications, overhauled the regulations governing the program and used it to cancel billions in debt for people who attended for-profit schools accused of defrauding students.
New York United States Parsons School Department Of Education District Of Columbia Long Island

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