News

Featured News

Coverage
The New York Times

DeVos Toughens Rules for Student Borrowers Bilked by Colleges | The New York Times

Blog

Student Loan Truth: Jessica’s Art Institute Story | Blog

Press Releases
Project on Predatory Student Lending

Project Vows to Challenge DeVos Over Devastating New Borrower Defense Rule that Will Gut Protections for Students | Press Release

Project on Predatory Student Lending Calls for DeVos to be Held Accountable for Illegal Collection of Bogus Student Debt | Press Release

The Project on Predatory Student Lending today called for U.S Education Secretary Betsy DeVos and the U.S. Department of Education to be held accountable after she continued to collect on the student loan debt of thousands of former for-profit college students — a direct violation of a federal court order.

Project on Predatory Student Lending Statement on Education Department’s Processing of Automatic Closed School Discharges For Former ITT Students | Press Release

The Project on Predatory Student Lending today issued the following statement after the U.S. Department of Education confirmed it has finally begun to process automatic closed school loan discharges for a select group of former students of the predatory for-profit college, ITT Tech.

For-Profit Schools Target The Black Community. Here’s How You Can Avoid The Scam | BET

This article takes a deeper dive into for-profit schools and the students who have been scammed into pursuing quick-and-easy higher education. Let’s all take a minute to look at why this problem hits the Black community the hardest.

Read More

Project on Predatory Student Lending Supports Warren, Pocan Effort to Hold Private Equity Firms Accountable for Enabling Predatory For-Profit Colleges | Press Release

The Project on Predatory Student Lending statement after U.S. Senator Elizabeth Warren (D-MA) and U.S. Representative Mark Pocan (D-WI) called on six private equity firms to provide details about those firms’ management of predatory for-profit colleges.

Defrauded by Colleges, Students Wait in Vain for Federal Help | Austin Statesman

In 2013, Morgan Marler decided she wanted a career in computers. At the time, the now-29-year-old was living in Arlington and looking for a job that would pay well and give her a purpose. She enrolled in ITT Technical Institute, one of the nation’s largest for-profit schools. It had been in business for 50 years and had eight campuses in Texas, a fact that reassured Marler. Counselors told her she could expect to make $60,000 with a degree in network system administration.

Read More

Raising the Bar for Loan Forgiveness | Inside Higher Ed

In her first significant act as Education Secretary more than two years ago, Betsy DeVos said she planned to overhaul an Obama administration student loan rule designed to protect borrowers defrauded by their college. Despite her efforts, the Obama borrower-defense regulations took effect last year. But on Friday DeVos capped off a two-year effort by issuing her own rule, which scales back loan forgiveness opportunities for student borrowers.

Read More

Project Vows to Challenge DeVos Over Devastating New Borrower Defense Rule that Will Gut Protections for Students | Press Release

“Betsy DeVos is throwing hundreds of thousands of students who have been defrauded by abusive for-profit colleges under the bus.”

Student Loans: Betsy DeVos Rule Change Means College Students Must Fight for Loan Forgiveness | USA Today

The U.S. Department of Education issued new rules late Friday could make it more difficult for students to get federal loan forgiveness if they attended colleges that close suddenly. The rules, which have been known as “borrower defense,” have been the subject of controversy for much of Betsy DeVos’ turn as education secretary.

Read More

DeVos Tightens Rules for Forgiving Student Loans | Politico

Education Secretary Betsy DeVos on Friday finalized rules that make it more difficult for federal student loan borrowers to cancel their debt on the grounds that their college defrauded them, scaling back an Obama-era policy aimed at abuses by for-profit colleges.

Read More

DeVos Toughens Rules for Student Borrowers Bilked by Colleges | The New York Times

Education Secretary Betsy DeVos on Friday significantly tightened Obama-era rules for student borrowers who say their schools defrauded them, imposing a deadline on claims and eliminating a requirement that the department automatically wipe away the loans of some students whose schools closed while they were enrolled.

Read More