Borrowers Defense in action!

[Itgem679]

My background: AIU student, 128K in loans, applied 11/2019 for BD, BD 'ineligible' email from DOE 7.27.20. Received email regarding joining the Sweet v Devos (Cardona) case 6.16.20 with a follow up email on case 'next steps' (expectations) 9.23.20. I'm a 'full class' member of the settlement. Originally with Navient, moved to Aidvantage 12.27.21. Consolidated loans around 4.2021. Currently in IBR. Received Settlement approval from DOE for Sweet v. Cardona 2.28.23. AIU loans discharged as of 6.6.23.

I'm down from $128K to 18K and my journey isn't even over. AIU was on the list for the settlement, but so is Tucson College. As I am a full class member, the loans for Tucson College should be discharged as well. The borrowers defense sub on Reddit is blowing up. I'm really surprised no one is talking about this on MyFico.

Anyone here waiting for Biden's forgiveness? Anyone here a full class or post class member of the settlement?

[WildestDreams]

If Biden's forgivness ever goes into effect I will be forgiven $20k out of the 180K i owe so will that really help me? probably not....

I am part of the Borrowers Defense case/settlement... My original application is from 2017!! yes 2017!!!! so I should have an update "No later than July 28, 2023" although I am praying they do not respond by then because according to the settlement documents...

If ED doesn’t make a decision on an application within the timelines outlined above, the borrower will receive Full Settlement Relief.

Sadly my school wasn't on the list of the auto approved ones so I am thinking they are going to just deny all of the pending applications from other schools but who knows. Fingers crossed for all of us

[Credithorse]

Similarly situated, I'm a full member eligible for relief. My BD claim was submitted in 2019 and denied as ineligible in 2020. I was notified in Feb ('23) that my app was approved under the sweet v cardona decision.  It's "in review" now but no relief yet, but I'm glad to see someone else has.

[OpenBook55]

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@Itgem679 wrote:

My background: AIU student, 128K in loans, applied 11/2019 for BD, BD 'ineligible' email from DOE 7.27.20. Received email regarding joining the Sweet v Devos (Cardona) case 6.16.20 with a follow up email on case 'next steps' (expectations) 9.23.20. I'm a 'full class' member of the settlement. Originally with Navient, moved to Aidvantage 12.27.21. Consolidated loans around 4.2021. Currently in IBR. Received Settlement approval from DOE for Sweet v. Cardona 2.28.23. AIU loans discharged as of 6.6.23.

I'm down from $128K to 18K and my journey isn't even over. AIU was on the list for the settlement, but so is Tucson College. As I am a full class member, the loans for Tucson College should be discharged as well. The borrowers defense sub on Reddit is blowing up. I'm really surprised no one is talking about this on MyFico.

Anyone here waiting for Biden's forgiveness? Anyone here a full class or post class member of the settlement?

Hi thank s for this thread as I too am also surprised the BD doesn't hav much traction here. Can you share even if my pm the link tothe reddit thread as I would like to follow along..

Do you have any additional dp regarding how this affected your score. I woke up to 3/4 of my loans being deleted off my TU  report  yesterday am.I am unsure if its part of my. school's settlement as i didnt receive any updates recently. It was my oldest line of credit so my AAoA dropped from 7 yrs to 2.5 yrs.... I am waiting to see what will happen to both my scores and my other reports in the upcoming weeks.

However I logged into Aidvanange and my balances are still there so I am honestly confused and unsure how things are playing out.

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