Statement From The Project on Predatory Student Lending On Senator Warren’s Plan For Student Debt Cancellation | Press Release
Statement From The Project on Predatory Student Lending On Senator Warren’s Plan For Student Debt Cancellation
Project urges all candidates to join Senator Warren and pledge to cancel predatory for-profit college debts on day one
BOSTON – Today, Senator Elizabeth Warren announced her plan to “cancel student debt on day one” of a Warren presidency, citing a Project on Predatory Student Lending legal analysis which outlines the President’s legal authority to direct the Secretary of Education to cancel student loan debt.The following is a statement from Eileen Connor, Legal Director of the Project on Predatory Student Lending.“Eliminating the debts of millions of former students is imperative for America’s economy and our future, and we commend Senator Warren for her continued leadership on this issue. The next President absolutely has the power and authority to cancel all student debts – and should start with the most egregious types of student loan debt: the debt held by hundreds of thousands of students cheated by predatory for-profit colleges. We encourage all presidential candidates to pledge to cancel this illegitimate debt on day one of taking office. These students have been cheated by their schools and are legally entitled to relief. They should not have to wait another day for justice.”About the Project on Predatory Student LendingEstablished in 2012, the Project on Predatory Student Lending represents over one million former students of predatory for-profit colleges. Its mission is to litigate to make it legally and financially impossible for federally-funded predatory schools to cheat students.The Project has brought a wide variety of cases on behalf of former students of for-profit colleges. It has sued the federal Department of Education for its failures to meet its legal obligation to police this industry and stop the perpetration and collection of fraudulent student loan debt.
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