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Project on Predatory Student Lending
Statement on the COVID-19 Economic Stimulus Package and Student Loan Relief | Press Release
Press Releases
Project on Predatory Student Lending
Student Advocates Challenge DeVos’ Borrower Defense Rule | Press Release
Coverage
The Washington Post
DeVos and Education Dept. could face new sanctions for violating a court order | The Washington Post
Predatory Schools Keep Trying to Rip Off Students Amid Economic Meltdown, Pandemic | Press Release
A group of for-profit colleges appealed a federal court decision upholding a Dept. of Education rule from 2016 intended to stop schools from forcing defrauded students into secretive, out-of-court arbitrations. Lawyers from Public Citizen and the Project representing for-profit college students in the case are condemning the move.
Statement on the COVID-19 Economic Stimulus Package and Student Loan Relief | Press Release
The Senate COVID-19 stimulus bill includes measures intended to ease the burden of student loan debt for borrowers who are suffering during this economic crisis, but doesn’t go far enough, and will fail to help many former for-profit college students struggling with bogus debt.
Fine Print of Stimulus Bill Contains Special Deals for Industries | New York Times
Restaurants and retailers will get a tweak to federal tax law they have been seeking for more than a year that could save them $15 billion. Community banks are being granted their long-held wish of being freed to reduce the amount of capital they have to hold in reserve. And for-profit colleges will be able to keep federal loan money from students who drop out because of the coronavirus.
Overturning the 2019 Borrower Defense Rule and What It Means for Borrowers | Blog
A rare bipartisan vote gives President Trump a chance to act in the interest of student borrowers.
Statement on Senate Plan To Cancel Student Loan Payments During Coronavirus Emergency And Provide Minimum $10K Payoff For All Federal Student Loan Borrowers | Press Release
The Project praises Senate Democrats’ new plan to cancel student loan payments for the duration of the COVID-19 Emergency and their proposal to provide a minimum $10,000 payoff for all federal student loan borrowers.
Statement on the Economic Stimulus Package and the Imperative to Cancel For-Profit College Student Debt | Press Release
As the government considers measures to mitigate the extreme financial burden COVID-19 has placed on citizens across the country, the Project on Predatory Student Lending urges Congress and the Department of Education to activate their authority and cancel all for-profit college debt immediately.
My Student Loan Truth: Brandon Hurshman and Melissa Arroyo’s Art Institute Story | Blog
Brandon and Melissa just wanted an education. Instead, what they got from the Art Institute was a lot of unfulfilled promises and a heavy burden of fraudulent debt. In fact, the engaged couple says the only positive thing that came out of that school was finding each other.
Project Calls on Congress, Department of Ed to Relieve Student Loan Debt in Light of COVID-19 | Press Release
In response to the COVID-19 crisis and its severe economic impact on American families across the nation, the Project on Predatory Student Lending calls on Congress and the Department of Education to use their authority to cancel all student loan debt, and to act immediately to stop tax refund offset and wage garnishment, and to put loans in interest-free forbearance.
Senate Passes Rebuke of DeVos Over Student Loan Forgiveness | ABC News
The Senate on Wednesday gave final congressional approval to a measure that would overturn rules issued by Education Secretary Betsy DeVos in 2019 that made it harder for students to get loans erased after being misled by for-profit colleges.
Senate Rejects DeVos Rule Restricting Debt Relief for Bilked Students | New York Times
In a bipartisan rebuke, the Senate voted on Wednesday to overturn a major Trump administration rule that would sharply limit debt relief for students misled by schools that lured them in with false claims about their graduates’ career and earning prospects.