News
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.
Judge Grants Preliminary Approval of Borrower Defense Settlement in Sweet v. Cardona
On Thursday, August 4, Judge William Alsup granted preliminary approval of the proposed joint settlement in the lawsuit Sweet v. Cardona. Upon final court approval, the settlement will immediately cancel at least $6 billion in federal student loans for approximately 200,000 individuals.
Hearing Scheduled for Thursday in Sweet v. Cardona on Borrower Defense Settlement
On Thursday, August 4, Judge William Alsup will hold a hearing on preliminary approval and intervention in the lawsuit Sweet v. Cardona, regarding the proposed joint settlement agreement and colleges’ motions to intervene in the settlement. Upon final court approval, the settlement will immediately cancel at least $6 billion in federal student loans for approximately 200,000 individuals.
The Project on Predatory Student Lending Relaunches as Independent, Nonprofit Organization
The Project, which has grown to represent over one million student borrowers, will officially spin-off from the Legal Services Center at Harvard Law School on August 1st.
Student Borrowers Respond to Institutions’ Attempts to Intervene in Borrower Defense Settlement | Press Release
Student borrowers filed a brief in the lawsuit Sweet v. Cardona, in response to colleges’ motions to intervene in the proposed joint settlement agreement that, upon court approval, will immediately approve the borrower defense applications of approximately 200,000 individuals and cancel at least $6 billion in federal student loans.
Landmark Borrower Defense Settlement to Cancel Over $6 Billion in Student Loans for 200,000 Borrowers | Release
Student borrowers filed a joint motion for approval of a settlement with the US Department of Education in the class action lawsuit Sweet v. Cardona.
Former Corinthian Students Claim Victory at the Department of Education’s Debt Cancellation Announcement | Press Release
Today, the Department of Education announced that it will cancel all federal student loans from Corinthian Colleges, the chain of for-profit colleges known for scamming and defrauding borrowers.
Statement On Student Loan Discharge for Borrowers Cheated by Marinello Schools of Beauty | Press Release
Education Secretary Miguel Cardona announced that 28,000 borrowers who attended Marinello Schools of Beauty will receive loan discharges totaling approximately $238 million, as part of a group borrower defense discharge.
The Biden Administration’s DOJ Continues to Shield DeVos in Borrower Defense Proceeding | Press Release
Student borrowers in the lawsuit Sweet v. Cardona (formerly Sweet v. DeVos) on Monday filed a response to a court request asking whether the issue of deposing former Education Secretary Betsy DeVos should be reheard “en banc” in the Ninth Circuit Court of Appeals. If granted, a panel of judges in the Ninth Circuit would reconsider whether Plaintiffs will be allowed to depose former Secretary DeVos about her knowledge surrounding the Department of Education’s long-delayed borrower defense process.
Student Borrower Advocates Ask Education Department to Cancel 25+-Year-Old Debts from Closed For-Profit Colleges | Press Release
Student borrower advocates submitted a group closed school discharge request today to the U.S. Department of Education on behalf of all student borrowers, including their clients, who attended a for-profit school listed in the Department’s official closed school search file with a closure date prior to January 1, 1994. Due to the timing of their loans, these borrowers lack access to alternative borrower defense rights to cancel their loans.