Beginning with the 2020-2021 award year, federal student loan borrowers will have to complete an extra step before their loans disbursements will be released by the Common Origination and Disbursement System. The “Informed Borrower Confirmation” requires borrowers to review and acknowledge their loan indebtedness each…
Read More >The regulations under the 2016 Borrower Defense To Repayment established a standard procedure for ED to follow when evaluating borrower defense to repayment discharge claims for loans that were first disbursed prior to July 1, 2020. When a borrower makes a claim and attempts to…
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