The Department of Education Announces $150 Million in Loan Cancellation for Defrauded Students: What Our Partners and Allies Think
14 December 2018
The Department of Education announced on December 13, 2018 that it will cancel thousands of borrowers’ federal student loans through an Obama-era program meant to give relief for students defrauded by their colleges. Ironically, this forgiveness comes through the very same program DeVos failed to destroy earlier this year.
Here’s what our partners and allies had to say about this latest news.
Student Loan Borrowers Fall Prey to Widespread Industry Abuses, Nationwide Analysis of Consumer Complaints Finds
13 December 2018
A new report by the Student Borrower Protection Center takes a look at complaints by more than 13,000 student loan borrowers in the 2018, revealing the scope of problems within the student loan industry, and the degree to which people are struggling with the repayment process.Blog, Existing Student Debt, Partners, Wall Street's Role in Education
1 November 2018
The Project on Predatory Student Lending has scored major court victories to sure-up the rights of students who were cheated by for-profit colleges. On four separate occasions in October, judges rebuked Betsy DeVos’ efforts to roll back student protections, struck down illegal policies, and ruled in favor of students. If you were defrauded by a for-profit college, here’s what these rulings mean for you.Blog, For-Profit Programs, Issues, Partners
10 October 2018
A coalition of advocacy groups, civil rights organizations, and state attorneys general have pushed back against Secretary of Education Betsy DeVos in her attempts to eliminate vital regulations protecting student loan borrowers. Sara Garcia, a policy analyst for the Center for American Progress, identifies and discusses certain cases under review in the areas of federal student loan servicing and borrower protection.Blog, Existing Student Debt, For-Profit Programs, Issues
4 October 2018
Though Sec. Betsy DeVos wanted to curtail students’ protections from predatory, for-profit colleges, the sheer volume of comments and stories submitted by the public have forced her to delay her dangerous deregulation agenda. This is a victory for students, especially those who were defrauded by predatory colleges and are waiting for relief from their student loans.
Here’s what our partners and allies had to say about this great news.