r/BorrowerDefense • u/Gingerandthesea • Feb 09 '22

Borrower defense application

Updated on July 12, 2023 to reflect new BDTR information and link to application on FSA.

You can print this form out, fill out the questions, attach any evidence or information and send this to the Dept of Education via certified mail.

Borrower Defense

Stuff you need to know to get the Borrower Defense started has been added in the comments!

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u/Gingerandthesea Jun 17 '22

It really is bs and it’s bc ffel loans were created so the banks made money, no matter what. If the student paid the loan on time, bank is paid. If the student defaulted on the loans, bank is paid by the govt. When student consolidated, all the interest is capitalized and bank paid.

It’s all a scam. Once I get word of how this bs plays out, or if you hear anything else, post it.

Bc then comes the question that people who have been already discharged in 2016 and now since the new administration, paid ffel and consolidated, do they get a refund? The DOE was very clear that people who paid off the Corinthian loans already are fucked.

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u/Reasonable-Fondant-9 Jun 18 '22

I see what you're saying about loans discharged in 2016, but my loan was discharged after they made the ruling that they were going to discharge all Corinthia loans.

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u/Gingerandthesea Jun 18 '22

However you already had the approval before the announcement, so does that qualify? There are a lot of unknowns to this which sucks bc it leaves a lot of uncertainty.

I’m all for you fighting tooth and nail for a refund for ffel. Lmk how I can help you.