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Initiatives
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Borrower Defense

Under current law, students have a right to seek discharge of the federal Direct Loans they took out to attend a higher education institution if that school committed fraud; however, the rules do not establish any process for doing so. Very few student borrowers asserted this "borrower defense" to repayment until recently. Spurred by the large number of former Corinthian College students seeking relief after the for-profit chain's demise, the Department of Education (ED) in early 2016 began the process of creating a new borrower defense rule.

Department of Education and other Federal Resources

NACUBO Response to the NPRM

Other

Contact

Liz Clark
Director, Federal Affairs
202.861.2553
E-mail