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Automatic Discharges Of Student Loans To Proceed After Dual Court Wins | Forbes
Student loan borrowers notched two major court victories this week. The wins should pave the way for tens of thousands of borrowers to receive automatic discharges of their federal student loans in the coming months, along with payment refunds and fixes to credit reporting.
Why the Education Department Wants to Sell Off the Student-Loan Portfolio | Chronicle of Higher Education
In a sign of the Trump administration’s continued efforts to shutter the Department of Education, the agency is apparently pursuing selling off its $1.7-trillion student-loan portfolio to private entities.
SF Judge Rejects Government Bid to Delay Processing Student Debt Claims | KQED
Tens of thousands of student loan borrowers who say their schools misled them may soon find out whether that debt will be cleared after a Thursday ruling from a federal judge in San Francisco.
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."‘