News
Statement on Legislative Plan to Cancel Fraudulent Corinthian and ITT Student Debt | Press Releases
Senators Durbin, Brown, and Warren, and Congressmembers Takano and Jayapal introduced a legislative plan to completely cancel the loans of borrowers who have long been deemed eligible for borrower defense discharge.
For-Profit College Set To Collect $17 Million In Federal Stimulus Cash Is Sued For Predatory Practices | Forbes
Florida Career College, a for-profit two-year vocational school, is getting $17 million in federal coronavirus relief money. It’s one of dozens of for-profits slated to receive a total of $1.1 billion in grants included in the $14 billion Congress set aside for institutions of higher education in the CARES Act, passed last month.
Class Action: Ex-Students Sue Florida For-Profit College Over Allegedly Worthless Education | LAW.COM
Former students have bad things to say about a for-profit college that allegedly took their money and left them jobless.
Florida For-Profit College, Getting $17 Million in COVID-19 Aid, Accused of Scamming Black Students | Republic Report
Faced with concerns from critics in Congress and elsewhere that many for-profit colleges will take advantage of the COVID-19 crisis to accelerate predatory behavior, the industry’s chief lobbyist, Steve Gunderson, has been repeating his claim that the bad actors among for-profit schools have shuttered, and what remains are sincere, hard-working operations focused on helping students.
Florida For-Profit Colleges Sued for Selling Predatory Product and Targeting Black Students | Press Release
A class action was filed against Florida-based for-profit college chain, Florida Career College (FCC), for selling a predatory product using false representations and high-pressure sales tactics that leave students in mountains of debt they cannot repay and systematically targeting Black students.
Scam Websites, Promising COVID-19 Advice, Steer Students to Predatory Colleges | Blog
This article is the first in a new series, produced with Republic Report — COVID College Cons. Together, we're working to expose the predatory tactics that for-profit colleges are using right now to scam students in the midst of an economic and public health crisis.
“COVID College Cons” Series Exposes Predatory For-Profit Colleges Targeting Students During COVID-19 Crisis | Press Release
A new series of articles called “COVID College Cons” launched by Republic Report and the Project on Predatory Student Lending to expose the predatory tactics that for-profit colleges are using right now to scam students in the midst of an economic and public health crisis. The purpose of this series is to warn the public about the schemes and help protect them from fraud.
DeVos Backs Down, Agrees To Process Student Loan Forgiveness Applications | Forbes
In a victory for student loan borrowers, Education Secretary Betsy DeVos has agreed to process long-stalled applications for student loan forgiveness. Student loan borrowers had submitted nearly 170,000 applications for student loan forgiveness pursuant to the Borrower Defense to Repayment program.
Education Department to Resolve Borrower-Defense Case | Inside Higher Ed
The Education Department agreed to process 170,000 claims by student loan borrowers who want their debts canceled because they were misled by their colleges under a settlement jointly proposed by the department and a consumer group.
The Trump Administration Has Agreed to Make Final Decisions Within 18 Months on Nearly 170,000 Loan Forgiveness Applications | Politico
Under the agreement, the Education Department would be required to make a final decision on each of the claims within 18 months from the time the judge signs off on the deal. Borrowers still waiting for a decision after that time will have 30 percent of their loans discharged for each month the department misses the deadline.