News
Update | Eileen Connor Joins the Project on Predatory Student Lending
The Legal Services Center welcomes Eileen Connor as Director of Litigation for the Project on Predatory Student Lending.
Federal Judge Upholds Some Regulations on For-Profit Schools, Strikes Down Others | Inside Higher Ed
A federal judge in Massachusetts this week issued a mixed ruling in a case challenging tougher regulations on for-profit colleges enacted by that state’s attorney general.
This Parent Trap Involves $71 Billion of Federal Education Debt | Bloomberg
The U.S. government is sitting on a growing pile of debt backed by little more than parental love.
Student Loan Relief Sought by AG Healey | New Boston Post
In an effort to help borrowers struggling to repay student debt, Attorney General Maura Healey on Tuesday announced a new student loan assistance unit and a crackdown on unlawful debt relief companies.
Little for Students in ‘Historic’ Settlement of Education Management Case | The Chronicle of Higher Education
The U.S. attorney general, Loretta E. Lynch, and the education secretary, Arne Duncan, announced the settlement of a false-claims lawsuit against the Education Management Corporation on Monday.
Update | Two Project on Predatory Student Lending Alumni Testify to Department of Education
Two alumni of the Project on Predatory Student Lending testified to the Department of Education in support of the rights of borrowers treated unfairly by for-profit colleges to a fair, effective, and efficient process to get their federal student loans discharge
Education Department Delays Relief For Defrauded Student Loan Borrowers | Huffington Post
Students who claim they were defrauded by for-profit schools owned by Corinthian Colleges Inc. into taking out federal student loans will have to wait several more months before the Obama administration decides whether to cancel their debts, the Department of Education said Thursday.
The U.S. Government’s Predatory-Lending Program | Politico
Most parents will do just about anything for their children, especially when it comes to education. Predictably, at a time when college costs are exploding and students are staggering under more than $1 trillion in debt, one opportunistic lender is making huge profits on loans to their doting moms and dads.
Update | Summary of Proposed New Federal Student Loan Repayment Plan
The U.S. Department of Education is proposing a new federal student loan repayment plan, called REPAYE. It is based on the existing Pay As You Earn (PAYE) plan. Key differences from PAYE are summarized below. For more information about LSC’s work on behalf of student loan borrowers, visit the Project on Predatory Student Lending.
U.S. Must Face Lawsuit Over Beauty School Student Loans | Reuters
A U.S. appeals court in New York revived a lawsuit seeking to stop the government from collecting on loans made to students of a nationwide beauty school chain, since it knew the now-defunct company routinely falsified student eligibility for those loans.