Notice of Proposed Rulemaking – Borrower Defense to Repayment

Federal Student Aid released the Notice of Proposed Rulemaking (NPRM) on the Borrower Defense to Repayment Regulations. The proposed changes will change the conditions and the ways students can seek discharges on their federal loans. The NPRM is published so that folks like you can weigh in and comment on the proposed rules for determining whether a borrower has a defense to repayment on a federal direct loan based on an act or omission of a school, proposed revisions to the financial responsibility standards and the creation of new disclosure requirements for schools. Comments are due by 8/1/16. Read the full NPRM at http://bit.ly/29cnKug