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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.
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“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.”
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“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.”
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PPSL’s President and Executive Director, Eileen Connor shares words of encouragement and resolve in this video, addressing a critical moment for borrowers.
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“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.
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“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.”
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“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.
PPSL Files Amicus Brief to SCOTUS in Support of Department of Education’s Petition
Fifth Circuit decision on borrower defense case threatens existing student borrower protections nationwide.
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.
Calling for For-Profit College Accountability at NJ Senate Higher Education Hearing
At a New Jersey Senate Higher Education Committee hearing recently, student loan borrowers testified alongside the Project on Predatory Student Lending (PPSL), calling for stronger oversight and transparency around proprietary institutions of higher education.