Sentences with phrase «school discharge rule»

Not exact matches

The negotiating committee is tasked with revising the 1994 rules that govern when a borrower may have his or her federal student loans discharged in the event of fraud by a school.

«The premises of the Gainful Employment Rule and the Borrower Defense to Repayment Rule are simple: 1) career training programs should provide sufficient education to enable graduates to obtain jobs and actually pay off their debt without a significant financial hardship and 2) students defrauded by their schools should be able to have their loans discharged.

And these rules provide for automatic loan discharges for certain students whose schools shut down.

The borrower defense rules, finalized in fall 2016, and the gainful employment rules, finalized in fall 2014, explain the standards that schools must meet in order to continue to receive federal aid dollars, and the process by which students can vindicate their right to discharge their loans due to their school's misconduct.

Now, Rosenthal has issued a new opinion in response to Wolf's ruling, again discharging the law - school loans.