U.S. Department of Education provides additional, albeit limited, guidance on implementation of 2016 "borrower defense to repayment" regulations

On 3 June 2019 the U.S. Department of Education (ED) published a two-page Questions and Answers (Q&A) document to provide additional guidance to colleges and universities about aspects of the final regulations often referred to as the borrower defense to repayment regulations (BDTR Regulations).

Under the BDTR Regulations, institutions are required to report certain events to ED and ED is authorized to reassess an institution's compliance with ED's financial responsibility standards when certain triggering events occur. The BDTR Regulations finally went into effect upon resolution of litigation challenges related to the regulations, and as described in a 15 March Electronic Announcement, institutions were required to report certain events to ED by 14 May 2019. Going forward, institutions are required to report to ED the events identified in the BDTR Regulations in accordance with the specified timeline.

Read More: U.S. Department of Education provides additional, albeit limited, guidance on implementation of 2016 "borrower defense to repayment" regulations


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