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Betsy DeVos To Be Sued Over Partial Debt Forgiveness Policy | Forbes
Education Secretary Betsy DeVos is being sued again. This time for her new partial debt forgiveness policy under the “borrower defense to repayment” rule. DeVos announced the new policy last year, providing for a way for borrowers who were defrauded by their school to get only a portion of their loans cancelled.
Borrower-Defense Rule Saved by Trump Veto but Still Faces Fight in Court | Inside Higher Ed
U.S. Education Secretary Betsy DeVos’s controversial borrower-defense rule cleared one hurdle with President Trump’s veto Friday evening of a congressional resolution that would have undone it. But the rule, which would make it harder for borrowers to have their student debt forgiven if they were defrauded by their colleges, still faces a legal challenge before it is due to go into effect July 1.
For-Profit Colleges Stole Our Past 10 Years. But Trump Has the Chance to Make it Right. | USA Today
When we met in 2007, we were on our way to achieving the American dream, and we were doing it together. We were students at the now-closed Art Institute of Fort Lauderdale in Florida. Thirteen years and some 25 student loans later, our dreams of marriage, a family and home ownership have been deferred by our overwhelming student loan debt.
Why Did The CARES Act Give More Money To Hair Schools Than To A Community College? | NBC News
After $14 billion was set aside for higher education in the Coronavirus Aid, Relief and Economic Security Act, Houston Community College and the Paul Mitchell Schools both got financial relief. The Houston college, a public institution with nearly 60,000 students, received $28.3 million. The for-profit hair and cosmetology schools received $30.5 million, despite serving only 20,000 students.
Students Call College That Got Millions In Coronavirus Relief 'A Sham' | NPR
A for-profit college received millions of dollars from the federal government to help low-income students whose lives have been upended by the coronavirus outbreak, but that same school, Florida Career College (FCC), is also accused of defrauding students.
Live Updates: Latest News on Coronavirus and Higher Education | Inside Higher Ed
Top Democratic lawmakers said they will propose forgiving the loans of Corinthian and ITT Tech student loan borrowers, who have claimed they were misled by their institutions, as part of the next coronavirus relief package.
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.