News
Student Loan Forgiveness Stalls For 145,000 Borrowers As Biden Administration Winds Down | Forbes
Student loan forgiveness processing appears to have stalled for tens of thousands of borrowers under a key debt relief program.
What’s at stake for student loan borrowers during the next Trump administration | CNN
“We don’t think that can be clawed back under the law. We don’t think it should be clawed back, of course, but we’re ready to defend those discharges,” said Eileen Connor, president and director of the Project on Predatory Student Lending, which represents borrowers defrauded by their colleges.
What the Republican trifecta could mean for student loan borrowers | The Washington Post
“The past four years have been filled with highs and lows for federal student loan borrowers, as nearly 5 million have benefited from $175 billion in debt cancellation provided by President Joe Biden and others have watched their prospects for relief ensnared by litigation. The next four years could be just as tumultuous with Republicans controlling both chambers of Congress and the White House.”
Their student loans should have been canceled already. Now they fear it won’t happen under Trump. | MarketWatch
“It shouldn’t be part of the legacy of [the Biden] administration that people continue to pay these debts when it’s acknowledged that they’re the product of this consumer fraud,” said Eileen Connor, the director of the Project on Predatory Student Lending, which represents former students of for-profit colleges in court.
Harris needs to finish the job on for-profit college loan discharges | Higher Ed Dive
The vice president and the U.S. Department of Education must follow through on loan discharges promised to student borrowers, one legal expert argues.
For-profit college industry facing increasing scrutiny | New Jersey Spotlight News
For-profit college industry facing increasing scrutiny at New Jersey Senate Hearing.
Millions of student-loan borrowers' payments are being 'wildly' mismanaged by a major servicer — and it might be time to terminate its contract, over 50 Democratic lawmakers say | Business Insider
It might be time for the Education Department to consider firing a major student-loan company, a group of Democratic lawmakers say.
The Biden administration said their student debt was canceled, but their servicer still says they owe. Now they’re suing. | MarketWatch
Represented by the Project on Predatory Student Lending, borrowers allege in a lawsuit against MOHELA that in some cases they’ve been waiting years for the debt relief they were promised.
As AG, Kamala Harris took on for-profit colleges. Over a decade later, the fight isn’t over. | The Boston Globe
Tens of thousands of former Corinthian students are still being charged for their loans for the worthless program that scammed them, advocates say, despite Harris and the Department of Education announcing two years ago those debts would be wiped away. The reason appears to be outside of Harris’s control: Advocates blame the loan servicer, who they are now suing.
For-Profit College Students Sue MOHELA for Not Delivering Promised Debt Forgiveness | American Prospect
Yet as the lawsuit filed today claims, when loans actually are being forgiven, MOHELA is inflicting harm rather than suffering it, by failing to process the discharges. “I wish the state of Missouri had to defend MOHELA’s failure to deliver these discharges,” Connor said.