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STATEMENT from the Project on Predatory Student Lending: In response to the U.S. Senate vote to confirm Linda McMahon as Secretary of Education
The U.S. Senate voted to confirm Linda McMahon as the next Secretary of Education. The Project on Predatory Student Lending, the leading nonprofit legal organization representing borrowers defrauded by predatory colleges, issued the following statement.
Graduate saddled with $138K debt for 'worthless' degree sues loan servicer Navient for fraud | Chicago Sun-Times
“The servicer let some borrowers off the hook after a 2022 settlement — but not Amanda Luciano and others who faithfully made their loan payments.”
Student Borrowers Sue Navient for Denying Discharge Applications Despite Evidence of School Misconduct
New lawsuit highlights the dangers of gutting oversight and allowing private lenders to profit off students and taxpayers with impunity
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 ED’s “Dear Colleague” Letter on Online Program Manager Guidance
PPSL issued the following statement on the Department of Education’s “Dear Colleague” letter to institutions of higher education, outlining guidance and a warning about institutions’ responsibility to prevent misrepresentations by their Online Program Managers.
Higher Ed Dive: Misrepresentations by OPMs could land colleges in trouble, Education Department says
“Project on Predatory Student Lending is helping represent the students in the lawsuit against the University of Southern California. In a statement Thursday, PPSL President and Executive Director Eileen Connor said she hoped the Trump administration would take the letter’s concerns seriously.”
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.
STATEMENT from the Project on Predatory Student Lending on President Biden’s Latest Borrower Defense Discharges
PPSL issued the following statement on President Biden’s announcement today that the Biden-Harris administration will approve additional student debt relief measures, totaling announcements of $183.6 billion in student loan forgiveness for more than 5 million borrowers since taking office.
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.”