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.”
My Student Loan Truth: Theresa’s Brooks Institute Story | Blog
When Theresa graduated from the Brooks Institute in 2006, she never imagined that she would find herself suing the U.S. Department of Education years later over her student loan debt. This is her story.
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.
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.