Top 10 Ways the New Borrower Defense Rule is Worse for Borrowers

September 23, 2019

Federal law allows students whose schools have defrauded or cheated them to have their loans discharged.  In 2016, the Obama Administration issued a rule to articulate clear processes for applying for and granting borrower defense discharges. Today, the Trump Administration released a new rule that will make it almost impossible for students to get relief.

What to Know About the Borrower Defense to Repayment Rule

April 30, 2019

Fact sheet on the Borrower Defense to Repayment (BD) rule. The Borrower Defense to Repayment Rule offers students relief from federal loans borrowed based on fraudulent, misleading or illegal acts by their schools. Borrower defense is an established legal right for many forms of consumer credit, and it has been a part of the Higher Education Act for many years.

TICAS Statement on Court Ruling on the Borrower Defense Rule

October 16, 2018

Today’s court decision is landmark news for student loan borrowers who were cheated by their colleges. The borrower defense rule that became effective at noon today protects students against illegal conduct by their college, offering relief that more than 100,000 borrowers have been waiting too long for already.  By holding colleges accountable, the rule will also deter bad...