In his campaign, President Joe Biden promised to cancel student loan debt up to $10,000 per borrower, but the student loan forgiveness legislation has been tough to enact. However, what will come as a relief to borrowers, the Department of Education has given nod to $1.5 billion worth of student loan discharges through borrower defense to repayment.
What Is Borrower Defence?
Borrower defense is a program offered by the Federal Student Aid (FSA) office to forgive loan debt of students who were misled by their higher education institution, which include schools violating state laws and those engaging in misconduct, Fox 10 reported.
Around 92,000 students who attended institutions like Westwood College, Marinello Schools of Beauty, ITT Technical Institute, and Court Reporting Institute will benefit from the Biden administration’s decision.
In 2013, after the closure of the Corinthian Colleges, students filed similar claims.
How To Apply For Student Loan Forgiveness
To qualify, a student must have attended an institution that misled him about the quality of courses it offered or earning prospects.
For example, around 18,000 students who had enrolled in ITT Tech and whose loans were forgiven, say the institution didn’t offer them clarity regarding job placement and employment prospects.
To apply for loan forgiveness, an application form has to be filled in which transcripts and other information regarding the school have to be provided.
Following Information Also Needs To Be Included:
— Names and titles of institution’s officials who misled you
— Brochures, promotional material provided by the institution, websites, emails, enrolment agreements
— What kind of information did the institution provide or didn’t provide?
Steps To Take If You Don’t Qualify For Loan Forgiveness
Under the Biden administration, only a small proportion of the 45 million students qualify for loan forgiveness. If your application is rejected you have the option to ask the Department of Education to reconsider it. However, there are other options you can exercise if you don’t make the cut.
Take a look:
Get an income-driven loan repayment plan. You can pay 10-20 percent of your income as student loan repayment depending on what kind of federal loan you have.
You can apply for additional forbearance. Federal Student Aid gives three years of student loan forbearance. If you have taken a loan from a private lender, get in touch with them to see what kind of forbearance programs they have.
There are alternative student loan forgiveness programs that you can try. These include Teacher Loan Forgiveness Program, Public Service Loan Forgiveness, and permanent disability discharges.
Another option is to refinance private student loans as only federal loans are covered under borrower defense. You still have to repay private school loans. Refinancing a loan can reduce your monthly repayment, save money in interest money and pay debt faster.
San Francisco Man Who Went Missing While Kayaking Found Dead
The body of a man, who was on a kayaking trip and had been missing, has been found by authorities on the shore of the Clear lake Thursday after four days of intensive search, authorities said.
The Lake County Sherrif’s Office said that Dylan Flanagan, 28, was last seen alive on Oct. 10 afternoon in his kayak, rowing on Clear lake, reported San Francisco Chronicle.
Later that day, his girlfriend got in touch with the authorities reporting that he was not responding to her calls, which lead to a four-day long search.
A San Francisco resident, Flanagan, was staying near Clearlake Oaks in a rental home celebrating his birthday and job promotion when he went kayaking alone Sunday afternoon.
According to Lake County News, conditions were windy and there were high waves.
Though the Sherrif’s office couldn’t confirm where the deceased man was from, according to profiles on social media, he was from San Francisco.
The authorities said Flanagan’s girlfriend was able to contact him on his phone shortly after 5 p.m. on Oct. 10 when he told her that he was fine. But subsequently, when she tried to call him repeatedly later that night there was no answer. She then reported him missing and no one else had heard from him too.
Search Team Found Flanagan Kayak
On Monday, a search team found the green-colored kayak which is believed to be that of Flanagan near Widgeon Bay, where he is believed to have gone missing.
A California fire crew found his body Thursday around 10.40 am on the lake’s shoreline near Olson Road, Clearlake Oaks. According to the Sherrif’s Office, an autopsy will be conducted in the coming week.
Five deaths have been reported on Clear Lake this year, with all but one occurring off the Clearlake shores, officials said.
San Francisco: Thieves Break Into Cars Along Embarcadero, Shoot At Witness
San Francisco has been hit by an ongoing series of car break-ins. This time the latest incident happened along the Embarcadero.
A witness, who wished to remain anonymous, said he saw two persons breaking into cars around Pier 19 as he shouted at them to stop. Before driving off they dumped the luggage from the car and on reaching Pier 19½ they broke into another car, Kron4 reported.
The witness said he again shouted at them and started clicking photos. One seeing the witness taking photos, one of the thieves took out a gun and opened fire.
“I heard gunshots as he aimed the gun at me, I instinctively jumped behind a car standing next to me. They then got into the stolen vehicle and sped away,” the man told the outlet.
The witness, who luckily didn’t suffer any injury, said he was angry that such a thing was happening in the city in broad daylight and no one was trying to stop the thieves.
‘Feel Unsafe Here’
Hours later, the owners of the car turned up to find their cars gone.
One of the victims said, “Something like this has happened to me twice in the city. The first time I was here I was mugged and now this. I have lived and worked in Detroit for 10 years and never has something like this happened. It is a pity that you come to this beautiful city and feel unsafe.”
Some of the dumped luggage was found and the finder contacted the owner, who immediately headed out to collect whatever was left of it.
When the police were contacted, the guy whose car was broken into was told to fill an online police report. Meanwhile, the witness who was shot at was also told to fill an online report. Not satisfied with this, he called 911 again and this time they agreed to send an officer to meet him.
Organized Shoplifting Forces Closure Of 5 Walgreens In San Francisco
Undeterred by a security guard and a TV reporter recording his act, a thief raided a Walgreens store in San Francisco on a bicycle, with a garbage bag in his hand full of stolen goods.
The brazen shoplifting video, shot in June, was watched by millions. Critics say this underlines how epidemic thefts at retail stores have become in the city.
It was the fifth time the thief had targeted the same Walgreens store located on Gough Street in the Hayes Valley neighborhood, police said.
On June 19, the San Francisco Police Department said it had arrested the man, identified as Jean Lugo-Romero, 40. Investigators said he was responsible for a number of thefts in the Northern and Mission districts.
Lugo-Romero faces burglary and robbery charges for the five times he stole from that particular Walgreens store, including on four consecutive days in late May, early June.
Four months later, Walgreens said it has decided to close the stores plus four others in the city in November due to the continuing issue of organized shoplifting in San Francisco.
‘Organized Retail Theft Challenging’
In an email to The New York Times, Phil Caruso, spokesman for Walgreens said, “Organized shoplifting has been a continuing challenge facing retailers in San Francisco. Retail theft across our stores in San Francisco are fives the average across our chain.”
Walgreens said professional thieves steal from their stores and then resell the goods through the online marketplace. According to police, most of the retail crime in the city is the handiwork of organized gangs.
In a board meeting in May, Walgreens’ representatives said the company had to close 17 stores because thefts had made doing business untenable at these stores.
With the fresh closure, Walgreens stores in the city which have shut have gone up to 22. The company has more than 50 stores in the city.
Employees working in these stores will be shifted to other locations and customers will have their prescriptions transferred to nearby stores.
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