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.


Student Debt and the Class of 2018

September 19, 2019

New data show that the average student debt for college graduates continues to climb but at a slower pace. Nationally, about two in three (65 percent) college seniors who graduated from public and private nonprofit colleges in 2018 had student loan debt. These borrowers owed an average of $29,200, 2 percent higher than the 2017 average.