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Student Loans › Department of Education › Dischargeable Debts

Orrick, Herrington & Sutcliffe LLP

DOJ and DOE share success after first year of student loan bankruptcy discharge process

Orrick, Herrington & Sutcliffe LLP on

On November 16, the DOJ and DOE announced a successful first year of their new student loan bankruptcy discharge process during 2022. The discharge process extinguishes a borrower’s obligation to pay back either some or all...more

Cozen O'Connor

U.S. Department of Education Discharges Student Loans for Victims of Alleged Ashford University Deceit

Cozen O'Connor on

The U.S. Department of Education (DOE) approved $72 million in borrower defense to repayment discharges for students of online for-profit school Ashford University, which allegedly made substantial misrepresentations to...more

Troutman Pepper

DOJ Releases Guidance for Discharging Federal Student Loan Debt in Bankruptcy

Troutman Pepper on

The U.S. Department of Justice (DOJ) has released guidance to its attorneys regarding requests to discharge student loans in bankruptcy cases. The 16-page memorandum developed in coordination with the Department of Education...more

Cozen O'Connor

AG James Announces $78 Million in Student Loan Forgiveness for 4,400 New Yorkers Who Attended ITT

Cozen O'Connor on

New York AG Letitia James announced that as a result of a group discharge application filed with the U.S. Department of Education (ED) by a coalition of state AGs, over 4,400 New Yorkers will have their student loans...more

Epiq

The Future of Student Loans and Bankruptcy – Is There a Bubble Waiting to Burst?

Epiq on

In March 2021, the U.S. Department of Education noted that student loan borrowers owed $1.6 trillion federal and private loans. For many, loans are the only option to attend a U.S. university or college for undergraduate,...more

Ballard Spahr LLP

Education Dept. seeks comment on factors used to evaluate student loan discharge claims in bankruptcy cases

Ballard Spahr LLP on

The Department of Education has published a request for information in yesterdays Federal Register seeking comment on the factors used to evaluate claims of undue hardship made by student loan borrowers attempting to...more

Chambliss, Bahner & Stophel, P.C.

How to Get a Student Loan Discharged Because of a Disability

Chambliss, Bahner & Stophel, P.C. on

Many people with disability income owe student loans. Although deferring repayment or working out a repayment plan based on the individual’s income are possible options, there’s also a process for discharging student loans...more

McGuireWoods LLP

CFPB Pursues Recovery Against For-Profit College Corinthian and Relief for Its Students

McGuireWoods LLP on

Corinthian Colleges (Corinthian) announced on April 26 that it would cease operations at its remaining physical campuses. This announcement refers to the 30 or so physical campuses that Corinthian continued to operate...more

Ballard Spahr LLP

CFPB highlights alleged credit reporting errors relating to discharged student loans of disabled veterans

Ballard Spahr LLP on

In a new blog post, the CFPB provides credit reporting advice to service-disabled veterans who take advantage of federal student loan forgiveness available from the Department of Education for veterans who receive a 100...more

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