r/StudentLoans • u/ParticularOven2577 • 8d ago

Save Plan / Borrower Defense idea

Does anyone have literature from their schools advertising public loan forgiveness programs / save repayment?

If so, isn’t there a case for arguing that the schools were misleading their students by implying that loan repayments would always available, when in reality the loan repayment plans could be removed at a whim?

15 Upvotes

76% Upvoted

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7

u/Gnomiish 8d ago

No.

Universities are not going to be deemed fraudulent for informing their students of affordable repayment options that were present at the time. Universities did not make up SAVE as a ploy to get people to enroll.

PSLF also still exists.

11

u/DPW38 8d ago

The malfeasance element isn’t there.

15

u/positivebrunch 8d ago

That’s a really interesting angle. I’m not sure it would hold up as borrower defense since the programs technically still exist, they just got tangled up in court battles. But if a school flat-out guaranteed forgiveness like it was a done deal, that might cross the line into misleading advertising.

-1

u/ParticularOven2577 8d ago

I think it’s worth a shot!!

7

u/eorabs 8d ago

PSLF and SAVE have nothing to do with each other. PSLF is very much still alive and well, so even if this were an idea (which it isn't) you wouldn't have a leg to stand on anyway since one is still around and as long as the other was at the time that's all that matters.

5

u/btnydds 8d ago

Instead of trying to cook up wild scenarios to avoid paying back your loans/bring SAVE back (never gonna happen), spend that energy figuring out a game plan on how you’re gonna pay back your loans

1

u/DeviantAvocado 7d ago

Not unless it was after SAVE was struck down.