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Project on Predatory Student Lending Statement on Education Department’s Processing of Automatic Closed School Discharges For Former ITT Students | Press Release
The Project on Predatory Student Lending today issued the following statement after the U.S. Department of Education confirmed it has finally begun to process automatic closed school loan discharges for a select group of former students of the predatory for-profit college, ITT Tech.
For-Profit Schools Target The Black Community. Here’s How You Can Avoid The Scam | BET
This article takes a deeper dive into for-profit schools and the students who have been scammed into pursuing quick-and-easy higher education. Let’s all take a minute to look at why this problem hits the Black community the hardest.
Project on Predatory Student Lending Supports Warren, Pocan Effort to Hold Private Equity Firms Accountable for Enabling Predatory For-Profit Colleges | Press Release
The Project on Predatory Student Lending statement after U.S. Senator Elizabeth Warren (D-MA) and U.S. Representative Mark Pocan (D-WI) called on six private equity firms to provide details about those firms’ management of predatory for-profit colleges.
Defrauded by Colleges, Students Wait in Vain for Federal Help | Austin Statesman
In 2013, Morgan Marler decided she wanted a career in computers. At the time, the now-29-year-old was living in Arlington and looking for a job that would pay well and give her a purpose. She enrolled in ITT Technical Institute, one of the nation’s largest for-profit schools. It had been in business for 50 years and had eight campuses in Texas, a fact that reassured Marler. Counselors told her she could expect to make $60,000 with a degree in network system administration.
Raising the Bar for Loan Forgiveness | Inside Higher Ed
In her first significant act as Education Secretary more than two years ago, Betsy DeVos said she planned to overhaul an Obama administration student loan rule designed to protect borrowers defrauded by their college. Despite her efforts, the Obama borrower-defense regulations took effect last year. But on Friday DeVos capped off a two-year effort by issuing her own rule, which scales back loan forgiveness opportunities for student borrowers.
Project Vows to Challenge DeVos Over Devastating New Borrower Defense Rule that Will Gut Protections for Students | Press Release
“Betsy DeVos is throwing hundreds of thousands of students who have been defrauded by abusive for-profit colleges under the bus.”
Student Loans: Betsy DeVos Rule Change Means College Students Must Fight for Loan Forgiveness | USA Today
The U.S. Department of Education issued new rules late Friday could make it more difficult for students to get federal loan forgiveness if they attended colleges that close suddenly. The rules, which have been known as "borrower defense," have been the subject of controversy for much of Betsy DeVos’ turn as education secretary.
DeVos Tightens Rules for Forgiving Student Loans | Politico
Education Secretary Betsy DeVos on Friday finalized rules that make it more difficult for federal student loan borrowers to cancel their debt on the grounds that their college defrauded them, scaling back an Obama-era policy aimed at abuses by for-profit colleges.
DeVos Toughens Rules for Student Borrowers Bilked by Colleges | The New York Times
Education Secretary Betsy DeVos on Friday significantly tightened Obama-era rules for student borrowers who say their schools defrauded them, imposing a deadline on claims and eliminating a requirement that the department automatically wipe away the loans of some students whose schools closed while they were enrolled.
Elizabeth Warren Took On Obama Over Student Debt Forgiveness. How She Won Is Central To Her 2020 Campaign | BuzzFeed News
In 2015, when she found herself on Air Force One with then-president Barack Obama, Sen. Elizabeth Warren seized the chance to pressure the most powerful man in the world about an obscure part of federal tax law.