Understanding Borrower Defense to Repayment
Share this article:
Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is Student Loan Borrower Defense to Repayment?
Direct Subsidized loans Direct Unsubsidized loans Direct PLUS loans Direct Consolidation loans ITT Tech University of Phoenix Westwood College Marinello Schools of Beauty The Court Reporting Institute American Career Institute Minnesota School of Business Globe University Le Cordon Bleu Sanford-Brown Colleges and Institutes
How Does Borrower Defense to Repayment Work?
Qualifications for Borrower Defense Repayment
Licensure passage rates Employment rates Selectivity and admissions profiles School certifications Credit transferability Graduate placement rates Future salary potential Availability of financial assistance Representations to third parties Enrollment urgency Faculty qualifications Career services Breach of contract
Borrower Defense Repayment Process
Applying for Student Loan Borrower Defense
Can Borrower Defense to Repayment Impact Your Student Loans?
Your loan eligibility The financial harm you claim The date you submit your application
Pros and Cons of Applying for Borrower Defense to Repayment
3 Student Loan Tips
Refinancing your student loan can lower your monthly payments and help you adjust your loan term. Compare student loan refinancing rates to find a loan that works for you. Paying extra each month on your student loan can reduce the interest you pay and so lower your total loan cost over time. (The law prohibits prepayment penalties on federal or private student loans.) If you teach full-time for five complete and consecutive academic years in a low-income school, you may be eligible for federal student loan forgiveness.
Frequently Asked Questions
About the Author
Share this article: