This loan forgiveness is known as borrower defense to repayment, or can be known as borrower defense for short. We have extensive information on our website about this
If my program earnings exceed those of the comparison earnings that are carried out by the ED, what happens?
In this case, even if you have filed an approved claim, you will not receive any discharge of your loan until it is associated with Corinthian Colleges, Inc. (CCI)
How does the ED calculate the amount of discharge I am due if my claim is approved?
The ED calculates the amount of discharge by comparing the earnings of those who have completed a similar or same program at a borrower's school median program earnings with the earnings of those who have completed a similar or same program at other schools median comparison earnings
Has the COVID-19 pandemic had any impact on forbearance/stopped collections on any loans that are in default and are awaiting judgment on their borrower defense application?
Yes, this comes under the Automatic Administrative Forbearance and Temporary 0% Interest as a Result of the COVID-19 National Emergency
Is there a list of common questions and answers regarding forbearance/stopped collections status on a loan?
The process involved in applying for borrower defense may place all federal student loans you have into a forbearance status. Any debt collections that may be in force on defaulted loans are stopped pending an ED review of your borrower defense application . Interest will continue to accrue on these loans, regardless of what status they are in
Have you had your application for borrower defense denied or partially approved?
Yes, I recently received a response in this regard from the ED