News
Advocates and Borrowers Raise Significant Concerns as ED Declines to Name For-Profit College Borrowers to Rulemaking Committee on Borrower Defense | Press Release
The Project on Predatory Student Lending today raised significant concerns that the U.S. Department of Education has failed to select any former for-profit college borrowers for its negotiated rulemaking committee, including rejecting a nominee with the support of more than 1,200 former for-profit college students – the very people who have been most significantly harmed by the broken borrower defense process.
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.
Student Borrowers and Advocates Declare September as Borrower Defense Action Month | Press Release
The Project on Predatory Student Lending today joined advocates and former for-profit college students to declare September as Borrower Defense Action Month. Former students and advocates are encouraging those who attended a predatory for-profit college and were defrauded to file a Borrower Defense to Repayment, asking the U.S. Department of Education to cancel their fraudulent loans.
Statement on Extended Closed School Discharges for ITT Borrowers | Press Release
Today, the U.S. Department of Education announced that it will make $1.1 billion in closed school discharges available to an additional 115,000 borrowers who attended the now-defunct ITT Technical Institute (ITT). According to the Department, this segment of borrowers includes those who did not complete their degree or credential and left ITT on or after March 31, 2008.
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.
Can Biden Cancel Student Debt? It Depends Who You Ask | Inside Higher Ed
Four months ago, it was announced that President Biden had directed the Department of Education and the Department of Justice to examine his legal authority to unilaterally cancel student loan debt.
7,200 Borrowers Cheated by Corinthian Colleges to Finally Secure Debt Relief as Education Department Drops Legal Appeal | Press Release
Former for-profit college students today secured a long-awaited victory as the U.S. Department of Education filed a motion dropping its appeal in Vara v. Cardona (formerly Vara v. DeVos) and will comply with a federal court order to grant the Massachusetts Attorney General’s borrower defense application on behalf of 7,200 borrowers who attended Massachusetts Everest schools, which were part of the Corinthian Colleges chain.
Biden Administration Drops Appeal of Legal Decision Granting former Corinthian Colleges Students Debt Relief | Washington Post
A group of 7,200 former students of the defunct for-profit chain Corinthian Colleges will have their federal student loans canceled after the Education Department agreed Thursday to drop its appeal of a court order to clear their debts. The decision arrives more than a year after a federal judge ruled that the students in Massachusetts were entitled to a full discharge of their loans under a statute known as borrower defense to repayment. The Trump administration fought the order and brought the case to a standstill, but borrowers were hopeful the Biden administration would concede.
“We are calling on the Department to do what is right when it sees evidence of widespread fraud” - Statement on Approval Of Additional Student Borrower Defense Claims
Department of Education announced that it will approve borrower defense applications for a select 1,800 student borrowers who attended the predatory for-profit colleges of Westwood, Marinello, and the Court Reporting Institute.