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‘Not something that we’ve ever seen before’: As Trump takes aim at higher ed, private equity could wreak more havoc | The Boston Globe
“Eileen Connor worries that this is all very bad news for students. No one knows, for example, if the federal student loan portfolio will be privatized, says Connor, the president and executive director of PPSL. But if it is, that could mean that wealthier kids get to go to college and poorer kids become too big a risk.”
STATEMENT from PPSL on President Trump's Executive Order to Dismantle the Department of Education
President Trump issued an executive order directing Secretary of Education Linda McMahon to begin the process of dismantling the US Department of Education. The Project on Predatory Student Lending, the leading nonprofit legal organization representing borrowers defrauded by predatory colleges, issued the following statement.
STATEMENT from the Project on Predatory Student Lending: What We’re Watching for in Linda McMahon’s Confirmation Hearing
The Project on Predatory Student Lending will be watching Linda McMahon’s Senate confirmation hearing to learn how the nominee views critical oversight and regulations that protect borrowers and prevent predatory institutions from abusing the federal student loan system.
MarketWatch: Trump inherits a $1.6 trillion student-loan crisis. What he does next will impact millions of borrowers.
‘“It’s so draconian,” Connor said of proposals to limit or repeal borrower defense. “It would put student-loan borrowers in a worse place than any other kind of borrower, and it’s such an odd thing to do in the context of a lending program that is both meant to facilitate an educated workforce and populace, but also where the loans are the device of access that we’ve settled on.”’
STATEMENT from the Project on Predatory Student Lending on Ashford Group Borrower Defense Discharges
PPSL issued the following statement on President Biden’s announcement today that the Biden-Harris administration will approve a group borrower defense discharge for students who attended the for-profit college Ashford University, totaling $4.5 billion for 261,000 Ashford borrowers.
POLITICO: Supreme Court to review decision on student borrower defense case
“The reason the administration wanted the Supreme Court to look at the case is because it’s fundamentally wrong and stripping away a critical protection for students that Congress inarguably authorized,” Eileen Connor, the president of PPSL said in an interview on Friday. “I hope this will be an opportunity to correct the 5th Circuit.”
Newsweek: Student Loan Debt: Supreme Court to Review Policy that Forgave $17 Billion
“The U.S. Supreme Court is set to weigh in on a student loan debt forgiveness policy that allowed the Biden administration to forgive $17 billion, according to Politico.”
CNN: What Democrats want Biden to do on student loans before leaving office
“Eileen Connor, president and director of the Project on Predatory Student Lending, which represents borrowers defrauded by their colleges, noted that the first Trump administration processed debt relief approved by the Obama administration.”
The Nation: It’s Still Not Too Late for Biden to Deliver Debt Relief
“Instead, it fell to the Debt Collective, the Project on Predatory Student Lending, and defrauded students themselves to find eligible borrowers in a piecemeal fashion and organize them to fight for their rights.”
Fighting for Borrowers: A Post-Election Update from PPSL
PPSL’s President and Executive Director, Eileen Connor shares words of encouragement and resolve in this video, addressing a critical moment for borrowers.