The Supreme Court is set to reevaluate President Biden's borrower-defense rule, essential for defrauded student loan recipients seeking easier debt relief after circuit courts challenged its legality.
The Fifth Circuit's ruling identified numerous legal shortcomings in the borrower-defense rule, leading to a preliminary injunction that puts Biden's student loan policies on hold.
The borrower defense to repayment program aims to assist students misled by their educational institutions, yet the appellate court deemed parts of it unlawful and vague.
Concerns were raised by appellate judges that the new standards could impose significant compliance costs on colleges, potentially leading to immediate and irreparable harm.
Collection
[
|
...
]