PPSL issued the following statement on President Biden’s announcement today that the Biden-Harris administration will approve additional student debt relief measures, totaling announcements of $183.6 billion in student loan forgiveness for more than 5 million borrowers since taking office. 

The Project on Predatory Student Lending (PPSL), the leading legal organization representing student borrowers against predatory for-profit colleges, issued the following statement on the Consumer Financial Protection Bureau (CFPB) report on private student loan servicers. 

People who have impacted by predatory practices in higher education are encouraged to apply for a unique opportunity to help drive change and protect borrowers’ rights.

Higher education is central to the American Dream – the belief that anyone can work hard, go to college, and create a better future for themselves and their family – but our current system has created a nightmare scenario for many Americans, by treating students as profit centers and allowing predatory actors to thrive with little to no accountability. Now more than ever, we need someone leading the Department of Education who will take this role seriously and work to restore people's faith in a system that has consistently let them down.

The Ninth Circuit denied three intervening schools’ attempt to overturn the approved settlement 

PPSL applauded the Department of Education’s announcement that it will limit the federal student loan servicer MOHELA from taking any new accounts and force it to follow a corrective action plan for its servicing failures.