8 January 2019
Student loan borrowers like Melissa are demanding action from lawmakers to address key parts of our student debt crisis. The stories of borrowers make the case for why we need accountability for predatory of student loan companies, and why loan forgiveness programs are necessary to help everyone dealing with student debt.Affordability / Quality, Blog, Existing Student Debt, Wall Street's Role in Education
7 January 2019
On behalf of its student loan borrowers, the State of Kentucky is looking to take action against the Pennsylvania Higher Education Assistance Agency (PHEAA) for poorly managing millions of people’s student loan debt. However, the company is arguing it cannot be held accountable by any state-level authority. Our partners at the Student Borrower Protection Center have joined with consumer advocates in the Bluegrass State to argue that PHEAA is not above the law.Blog, Partners, Wall Street's Role in Education
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