Tag: BDTR

ED Adds New Letter of Credit Requirements to Student Loan Negotiations

Jonathon Glass and Kate Lee Carey

The US Department of Education and appointed negotiators representing higher education and legal groups are preparing for the second round of negotiations to expand the “Borrower Defense to Repayment” regulations, with the next session to run from Wednesday, February 17 through Friday, February 19.

Pending Rulemaking Likely to Expand Borrower Defenses Against Repaying Federal Direct Loans

Jonathon Glass and Kate Lee Carey

The US Department of Education (ED) is preparing for a new rulemaking that is intended to clarify—and very likely expand—the ability of student borrowers to be relieved of the obligation to repay their Federal Direct Loans.