Defrauded Student Loan Borrowers Can Now Apply for Debt Relief
The U.S. Department of Education launched a website to help students who were defrauded in their student loans.
Defrauded Student Loans
One of the issues that student loan borrowers complained about is that they felt they were being defrauded by their schools. To address this problem, the U.S. Department of Education launched a website to help them get relief.
According to a published article in Business Insider, the website that will help student loan borrowers to submit repayment claims was launched last week. This is a type of claim that students believed the school misled them or engaged in certain misconduct that violates the law.
Once the claim is proven true, the Department of Education will discharge all amount that the student borrowed to attend the school.
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What’s the Purpose of the Website?
The website aims to ease the application process of students who filed a complaint. In a published article in HEAD TOPICS, the website includes the following information:
- reasons borrowers apply for borrower defense
- what type of misconduct qualifies for debt relief
- specific details on information borrowers should include in their claims
- what happens after a borrower applies
Meanwhile, Richard Cordray, director of the Federal Student Aid office, said, “The new borrower defense webpage is filled with guiding language and tips to help borrowers successfully complete their applications and get the loan relief to which they are entitled.”
Furthermore, it is also stated on the website that the student loan borrowers who will file a complaint should “submit the strongest borrower defense application possible” by providing all the details needed and addressing all the required elements of a claim.
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