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In Major Ruling, Court Rejects Student Loan Forgiveness Delay Sought By Trump Administration | Forbes
“PPSL, representing student loan borrowers in the Sweet settlement, countered that the request for a delay was patently unreasonable: ‘Judge Alsup has imposed strict parameters to ensure accountability in this settlement, including a series of hearings to report progress and ensure that settlement relief is on track,’ said PPSL in a statement.“
'Totally Unacceptable': Alsup Rips Feds In Student Loan Deal | Law360
“U.S. District Judge William Alsup on Thursday denied the U.S. Department of Education's request for an 18-month extension to process over 200,000 loan cancellation applications for students claiming they were defrauded by colleges the attended, calling it ‘totally unacceptable.’”
Judge denies government bid to delay borrower defense claim reviews for ‘highly suspect’ schools | Courthouse News Service
The government will have to adjudicate all claims from applicants who attended schools with evidence of misconduct by the original January deadline but will get a three-month extension for all other claims.
Education Department seeks delay in landmark borrower defense settlement | Higher Ed Dive
In response to the Education Department’s request, lawyers for the borrowers slammed the department’s request: “Less than 12 weeks before the deadline, the Department reveals that not only is it behind schedule to meet that deadline, it never had a prayer of meeting the deadline,” PPSL said.
Trump Administration Tries To Delay Student Loan Forgiveness In Borrower Defense Case
Hundreds of thousands of students who attended the colleges in question have been waiting for years for decisions on whether they will have their loans forgiven or not. The ongoing delays mean uncertainty and stress for those students and their families.
Democrats warn feds against selling student loans to private market | Higher Ed Dive
Over 40 congressional lawmakers told Trump administration officials that transferring debt ownership could strip borrowers of their protections.
7 years after rebranding Kaplan, is Purdue Global's for-profit history really in the past? | Lafayette Journal & Courier
"What's not OK is for people to exploit the fact that the system we have is not currently meeting people's needs," Connor said. "It becomes like a push product, where it is being sold to people who might not otherwise think they need it."‘
Amid sweeping changes in federal student aid, student debt is harder to pay off than ever | The Boston Globe
“The wheels are falling off,” said Eileen Connor, executive director of the Project on Predatory Student Lending. “Problems are going to be widespread across the system in a way we haven’t dealt with before.”
Trump wants to sell some student loans. What if yours is one of them? | USA Today
For example, results from a 2019 analysis by McKinsey consultants to assess the value and credit profile of the Direct Loan portfolio “were not good: an estimated 45 percent of loans in the portfolio were not expected to ever be repaid,” said the Project on Predatory Student Lending, a legal organization that represents student borrowers.”
Trump administration considers sale of federal student loan debt | POLITICO
“Eileen Connor, executive director of the Project on Predatory Student Lending, which has frequently sued the Education Department on behalf of borrowers, said she’s skeptical the administration could strike a deal that benefits both taxpayers and borrowers.