The Student Borrower Defense Rule — And A Misconception

Law360, New York (July 13, 2015, 4:40 PM EDT) -- Federal lawmakers and regulatory agencies are considering wide-ranging reforms to the standards and procedures that govern the cancellation of student loan debt on the basis of alleged fraud by a lender or educational institution. This issue has enormous economic significance. Total outstanding student loan debt now exceeds $1 trillion dollars, making student loan debt the second-largest category of consumer debt behind home mortgages.[1] The U.S. Department of Education predicts that, in terms of dollar value, an estimated 22.17 percent of Stafford loans made in 2015 will default.[2]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.

A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!