News
DeVos Reaches Settlement Over Stalled Student Debt Relief Claims | Washington Post
The Trump administration has agreed to process nearly 170,000 debt cancellation claims within 18 months from borrowers who say they were defrauded by their colleges. The proposed settlement agreement, filed in U.S. District Court in California on Friday, stems from a class-action lawsuit brought against Education Secretary Betsy DeVos and her agency in June by a group of borrowers awaiting decisions on their applications, some for as long as five years.
CARES Act Handout to For-Profit Colleges is a Slap in the Face to Students | Press Release
Congress’s CARES Act has provided over a billion of dollars in handouts to for-profit colleges, Department of Education data show. The top six companies got more than $115 million dollars combined.
Student Borrower Class Forces Department of Education to Process All Pending Borrower Defense Claims | Press Release
Education Secretary Betsy DeVos and the United States Department of Education promise to process the borrower defense claims of nearly 170,000 student borrowers, many of which have been pending for more than four years. This long-awaited processing would come as the result of a settlement proposed in the class action lawsuit Sweet v. DeVos.
DeVos Settles Suit Over Debt Relief for Defrauded Students | Courthouse News Service
Students who claim they were defrauded by for-profit colleges will get decisions on their requests for debt relief within 18 months under the terms of a proposed settlement reached with the U.S. Department of Education Friday.
DeVos Reaches Settlement in Lawsuit Over Loan Relief Program | Associated Press
The U.S. Education Department is promising to process student loan forgiveness claims for nearly 170,000 borrowers within 18 months as part of a proposed settlement announced Friday in a federal lawsuit.
Predatory Schools Keep Trying to Rip Off Students Amid Economic Meltdown, Pandemic | Press Release
A group of for-profit colleges appealed a federal court decision upholding a Dept. of Education rule from 2016 intended to stop schools from forcing defrauded students into secretive, out-of-court arbitrations. Lawyers from Public Citizen and the Project representing for-profit college students in the case are condemning the move.
Statement on the COVID-19 Economic Stimulus Package and Student Loan Relief | Press Release
The Senate COVID-19 stimulus bill includes measures intended to ease the burden of student loan debt for borrowers who are suffering during this economic crisis, but doesn’t go far enough, and will fail to help many former for-profit college students struggling with bogus debt.
Fine Print of Stimulus Bill Contains Special Deals for Industries | New York Times
Restaurants and retailers will get a tweak to federal tax law they have been seeking for more than a year that could save them $15 billion. Community banks are being granted their long-held wish of being freed to reduce the amount of capital they have to hold in reserve. And for-profit colleges will be able to keep federal loan money from students who drop out because of the coronavirus.
Overturning the 2019 Borrower Defense Rule and What It Means for Borrowers | Blog
A rare bipartisan vote gives President Trump a chance to act in the interest of student borrowers.
Statement on Senate Plan To Cancel Student Loan Payments During Coronavirus Emergency And Provide Minimum $10K Payoff For All Federal Student Loan Borrowers | Press Release
The Project praises Senate Democrats’ new plan to cancel student loan payments for the duration of the COVID-19 Emergency and their proposal to provide a minimum $10,000 payoff for all federal student loan borrowers.