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A $30 Billion Predatory Industry
For decades, the predatory for-profit college industry has exploited the promise of higher education. Instead of providing the quality programs promised, these companies invest almost no money into meaningful career training, leaving thousands of students behind. Meanwhile for-profit colleges are among the most heavily tax subsidized of any private sector, taking more than $30 billion in taxpayer money each year in the form of federal student aid. The Project’s landmark cases expose these broken systems, enforce students’ rights, and will ultimately prevent this predatory industry from cheating students and taxpayers.
Year in Review: 2021 Brings Big Wins and New Battles for Defrauded Borrowers | Blog
2021 ushered in a new Presidential administration and promises of long-awaited justice for defrauded borrowers. We are thrilled to share our clients’ hard-fought victories of loan cancellation, yet the fight is not over for tens of thousands of clients still waiting.
Student Loan Truth: For-Profit Borrowers Keep the Pressure on During NegReg | Blog
As the Department of Education Negotiated Rulemaking committee kicked off a second session, student borrowers continued to show up and demand accountability on borrower defense. This time, a common theme emerged: even for those who were finally promised relief by the Biden administration months ago, confusion and delay remain the status quo when it comes to borrower defense.
Student Loan Truth: The Real Heroes of NegReg
On October 4-8, the Department of Education held their second Negotiation Rulemaking, or NegReg, session of the year. This year, the broken borrower defense process is one of the top areas of discussion, and the Department of Education refused to include the very students who experience this process firsthand.
Jonathan’s DeVry Student Loan Truth: “My degree has held me back more than it has benefited me” | Blog
When Jonathan H. attended DeVry University, they promised him a lucrative career in gaming – which turned out to be a “flop program.” Jonathan recently submitted testimony for the record in a hearing before the Senate Judiciary Committee on Student Loan Bankruptcy Reform, in support of a bill sponsored by Senator Durbin that would make it possible for borrowers to discharge student loans through bankruptcy. Here’s Jonathan’s story.
Student Loan Truth: For Former Corinthian Students, a Never-Ending Road to Justice | Blog
Corinthian Colleges was one of the most notoriously bad actors in the for-profit college industry – so much so that many people assume these debts have already been cancelled. That’s not true – yet.
How Long Would You Wait to Get Your Life Back? An ITT Student Loan Truth | Blog
Predatory for-profit colleges like ITT have defrauded students for years, targeting low-income families and intentionally making the enrollment process fast-paced and confusing because their goal is to make as much money as they can with as little return as they can offer. Students are then left with thousands of dollars in debt and worthless degrees.
FAQ: What We Know About ED's Recent ITT Announcement
Recently, the Department of Education announced that it will approve a small portion of borrower defense applications for former ITT students, with 18,000 borrowers to receive a 100% discharge of their ITT debt. While this is great news for those select borrowers, there are still a lot of questions around what this means for the more than 700,000 former ITT students who were scammed by the school.
Student Loan Truth: For-Profit Colleges Aren’t Just Out to Scam Students. They’re Scamming Their Parents, Too. | Blog
It’s no surprise that being ripped off by a for-profit college impacts more than just the student who attends. A student borrower’s unpayable debts affect their whole family. And there’s a way that parents can bear the debt burden personally: Parent PLUS loans.
The Project on Predatory Student Lending: 5 Years of Impact | Blog
Project co-founders Toby Merrill and Eileen Connor take a look back at five years of impact helping defrauded student borrowers against for-profit colleges.