Tag: Borrower Defense to Repayment
New Student Debt Standards Could Allow Massive Loan Forgiveness
Jonathon Glass, Mike Goldstein and Kate Lee Carey
This memo discusses the new federal standards for students to have their federal loans forgiven under the Final Draft of the BDTR Rule.
Negotiations on New Defense to Repayment Rules Fail: It’s All Up to ED Now
Jonathon Glass, Mike Goldstein, Kate Lee Carey and Vince Sampson
Following a highly charged, often contentious three days of debate, the third session of the Negotiated Rulemaking on Borrower Defense to Repayment (DTR) ended as it started, without consensus. The Department of Education (ED) is now free to promulgate the regulations it wants, entirely independent of the DTR negotiations.
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.