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.
Servicers Are Wrongly Denying Closed School Discharges to Art Institute of Phoenix Students. Why? | Blog
Borrowers are eligible for a closed school discharge as long as they didn’t complete their program or transfer credits to a comparable program and were enrolled within 120 days of the schools’ closure date—in this case, December 14, 2018.
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.
Project on Predatory Student Lending Director Toby Merrill Honored By American Constitution Society | Blog
Project on Predatory Student Lending Director and founder Toby Merrill was honored as a finalist for the prestigious David Carliner Public Interest Award by the American Constitution Society.
In the Fight for Student Loan Relief | Blog
For years, Corinthian Colleges, a network of over one hundred for-profit schools, defrauded students to rake in profits from taxpayer-funded federal student aid. Tens of thousands of students—many the first in their families to seek out higher education—were promised serious career training and job prospects, but left Corinthian’s campuses with little more than thousands of dollars in debt.
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.
My Student Loan Truth: Wilfredo’s Art Institute Story | Blog
Wilfredo Morales attended the Art Institute of York in Alabama, which promised him a degree and a job in graphic design. Instead, the school convinced Wilfredo AND his mother to take out massive student loans, and failed to deliver an education.