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5 Key Takeaways from the New Borrower Defense Regulations
Blog Isabella Lanata Blog Isabella Lanata

5 Key Takeaways from the New Borrower Defense Regulations

The final Borrower Defense rule published by the Department of Education on Monday, October 31, which is set to take effect on July 1, 2023, reflects many of the issues we’ve advanced through our litigation, strengthening protections for borrowers and adding needed safeguards to the federal student lending process.  Here is PPSL’s take on how the new Borrower Defense (BD) rule will help borrowers.

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Student borrowers are keeping the pressure up in 2022 | Blog
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Student borrowers are keeping the pressure up in 2022 | Blog

In just three months of 2022, we’ve seen notable progress in the fight towards holding predatory for-profit colleges and those who enable them accountable. From a scathing report detailing ITT’s decades of wrongdoing, to students in Sweet v. Cardona calling out the growing borrower defense backlog, borrowers are not letting up and keeping the pressure on the Education Department’s arbitrarily long and winding road to justice.

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How the Arbitrary Borrower Defense Process Failed These Student Borrowers | Blog
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How the Arbitrary Borrower Defense Process Failed These Student Borrowers | Blog

It’s no secret that the Department of Education has repeatedly let defrauded student borrowers down. Part of the problem is the arbitrary borrower defense process the Department of Education has used to determine who gets relief and who doesn’t. Take Jen and Debi – two borrowers with almost identical stories who both applied for borrower defense, but only one got her loans cancelled.

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Myrna Figueroa's NegReg Comments | Blog
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Myrna Figueroa's NegReg Comments | Blog

The following is a transcript from the Department of Education's Negotiated Rulemaking session on January 18, 2022. During the public comment period, students are encouraged to share their comments on their experiences. Here is Myrna's story.

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A $30 Billion Predatory Industry
Blog Isabella Lanata Blog Isabella Lanata

A $30 Billion Predatory Industry

For decades, the predatory for-profit college industry has exploited the promise of higher education. Instead of providing the quality programs promised, these companies invest almost no money into meaningful career training, leaving thousands of students behind. Meanwhile for-profit colleges are among the most heavily tax subsidized of any private sector, taking more than $30 billion in taxpayer money each year in the form of federal student aid. The Project’s landmark cases expose these broken systems, enforce students’ rights, and will ultimately prevent this predatory industry from cheating students and taxpayers.

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