News
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.
2022 Delivers Historic Wins for Student Borrowers | Blog
It has been a historic year for PPSL and our clients, with big changes for our organization and even bigger wins for student borrowers. These massive victories are the result of years of dedication from our clients, who never gave up hope or backed down.
In Major Victory, ITT Students Secure Full Debt Cancellation | Press Release
In another major victory for defrauded former for-profit college students, today, the U.S. Department of Education announced that it would fully discharge all remaining federal student loans for borrowers who attended ITT Technical Institute (ITT) from January 1, 2005, through its closure in September 2016. All told, this means 208,000 borrowers will receive $3.9 billion in full loan discharges.
In Case You Missed It: A National Spotlight On ITT’s Fraud and Abuse | Blog
Just last week, Senator Dick Durbin of Illinois used his time on the Senate floor to bring the “Dreams Destroyed” report before his Congressional colleagues.
Student borrowers are keeping the pressure up in 2022 | Blog
In just three months of 2022, we’ve seen notable progress in the fight towards holding predatory for-profit colleges and those who enable them accountable. From a scathing report detailing ITT’s decades of wrongdoing, to students in Sweet v. Cardona calling out the growing borrower defense backlog, borrowers are not letting up and keeping the pressure on the Education Department’s arbitrarily long and winding road to justice.
When colleges defraud students, should the government go after school executives? | NPR
In a shocking investigation, the U.S. Senate declared the federal student loan program "plagued by fraud and abuse." Its report heaped scorn on for-profit trade schools for serving 22% of federal student loan borrowers but accounting for 44% of defaults. "The school keeps the student aid money ... and the student is left holding the bag with a poor credit rating, no job and no income to repay the student loan.”
Student Loan Truth: Gainful Employment Not Guaranteed | Blog
One topic that came up again and again during the Department of Education’s February Negotiated Rulemaking sessions was gainful employment of for-profit college graduates – or the lack thereof.
Report On Fraud Committed By ITT Technical Institute Highlights Need To Protect Student Loan Borrowers With Stronger Regulation Of For-Profit Colleges | Forbes
Last week the Project on Predatory Lending released an extensive report detailing abuses by the now-closed ITT Technical Institute (ITT Tech). The report details how ITT Tech systematically defrauded millions of students over decades, abused the federal financial aid system and left students weighed down with student loan debt and worthless credentials.
DeVry, ITT Tech students among thousands of defrauded borrowers to receive $415 million in loan cancellation | Washington Post
The Education Department said Wednesday that it will cancel the federal student loans of nearly 16,000 people defrauded by DeVry University, ITT Technical Institute and Minnesota School of Business/Globe University.
Department of Education to cancel $415 million in student loan debt | MarketWatch
Roughly 16,000 borrowers who were scammed by their schools will have their federal student loans discharged, resulting in $415 million in relief, the Department of Education announced Wednesday. The borrowers receiving relief attended four for-profit colleges that the agency found misled students in the process of luring them into enrolling and taking on debt to pay for school.