News
The Courts Cleared the Way for DeVos to Grant Student Debt Relief. So Why are 180,000 People Still Waiting for an Answer? | The Washington Post
Courts have sided repeatedly with student loan borrowers demanding the U.S. Education Department process their applications for debt relief, yet more than 180,000 people are still waiting for a decision. Now, some of them are again turning to the courts for help. On Tuesday, seven borrowers sued Education Secretary Betsy DeVos and her agency after the department failed to take action on their applications, some of which have languished for years.
Betsy DeVos Sued by Students Over Loan Forgiveness | Fox Business
Seven students filed a lawsuit against Education Secretary Betsy DeVos on Tuesday, related to the department’s student loan forgiveness program. The program was built around an Obama-era rule – the Borrower Defense to Repayment – which is being re-evaluated by DeVos. The rule was designed to help students who attended for-profit schools but were misled about job placement prospects and opportunities to cancel their debt.
Student Loan Borrowers Who Say They Were Defrauded Sue Betsy DeVos | The Entrepreneur Fund
More than 150,000 former students of for-profit colleges filed a lawsuit against the U.S. Department of Education and Education Secretary Betsy DeVos on Tuesday, claiming the agency is depriving them of the student debt relief to which they’re legally entitled. The plaintiffs, represented by Harvard Law School’s Project on Predatory Student Lending and Housing & Economic Rights Advocates, accuse the Department of Education under DeVos of failing to implement an Obama-era regulation known as “borrower defense, ” which allows students to have their federal student loans cancelled if their school misled them or engaged in other misconduct.
People are Suing Betsy DeVos Over Student Loans they Say Should Have Been Forgiven | Fast Company
A group of former for-profit college students filed a potential class action against the Department of Education and Education Secretary Betsy DeVos Tuesday, saying they and nearly 160,000 others are waiting on the department to rule on whether they should have federal loans forgiven due to “their school’s misconduct.”
DeVos Sued Over Stalled Processing of Student Loan Fraud Claims | Politico Pro
A group of former for-profit college students on Tuesday plan to file a proposed class action lawsuit that challenges the Trump administration's failure to process a growing backlog of student loan fraud claims.
Former for-profit college students will have $168 million in student debt cancelled | MarketWatch
More than 18,000 students who attended a now-defunct for-profit college will have $168 million in private loan debt discharged. The loan cancellation is part of a proposed deal between the Consumer Financial Protection Bureau, attorneys general of 43 states and the District of Columbia and Student CU Connect (or the CUSO), a company that held and managed private loans taken out by students at ITT Tech.
Student Loan Discharge Bar Lower but Still Tough in New Proposal | Bloomberg Government
Students who were misled by colleges into attending and who are now seeking loan forgiveness would have an easier time under a revised Trump administration proposal but they could still face an uphill climb.
Cancel Student Debt, Boost the Economy | Medium
In April, Senator Elizabeth Warren released a bold plan for free public college and debt cancellation. This transformational proposal takes direct aim at some of the deepest inequities in education in America, and it’s funded by her Ultra-Millionaire tax on wealth above 50 million. The plan includes a $50 billion minimum fund for historically Black colleges and universities (HBCUs) and minority-serving institutions, and will make public college tuition-free at both two- and four-year institutions.
Turning to Courts for Loan Forgiveness | Inside Higher Ed
Earlier this year, Sarah Dieffenbacher closed the book on a two-year legal fight with the U.S. Department of Education over her student loan debt. But the resolution was unsatisfying to Dieffenbacher. Instead of getting a ruling on the loan-forgiveness claim she filed for debt racked up at the former Everest College, the department discharged her loans through bankruptcy court.
Elizabeth Warren's plan to end student debt is glorious. We can make it a reality | The Guardian
This week, Elizabeth Warren, who is running for the 2020 Democratic nomination for president, announced a proposal to cancel student debt for millions of people and make public college free. This is a stunning, visionary plan that would transform our educational system and dramatically improve millions of people’s lives.