Appeals Court Blocks Rules to Ease Student Debt Relief for Defrauded Borrowers
Washington, D.C. – A federal appeals court on Monday blocked the Biden administration’s new borrower defense to repayment rules aimed at protecting student loan borrowers who attended for-profit institutions and were defrauded by their school. In response, Jaylon Herbin, director of federal campaigns at the Center for Responsible Lending (CRL) , made the following statement: The decision by the appeals court to block Biden's new student debt relief policy for defrauded borrowers is disappointing. For far too long, for-profit schools have exploited the system and deceived borrowers, leaving