News

My Student Loan Truth: Rick’s WyoTech Story

This month we interviewed Rick Dobashi, who attended Corinthian-owned WyoTech in San Jose, California from 2011-2013. Rick is part of our class action case Calvillo Manriquez v. DeVos, which represents students who were cheated by Corinthian Colleges (WyoTech, Heald, and Everest). 

Department of Education Appeals Court Ruling in Attempt to Deny Debt Cancellation to Cheated Corinthian Students | Press Release

Thousands of former Corinthian students are eligible for debt cancellation. With its latest appeal, the Department of Education continues to resist doing the right thing.

What Really Happened at ITT: Jorge Villalba in His Own Words

This month we interviewed Jorge Villalba, a former ITT Tech student and named plaintiff in the Project’s ITT case.  After being cheated by ITT and struggling with massive debt from the school for years, Jorge finally had his loans discharged.

Department of Education’s Plan to Redo Rule that Protects Students Harmed by Illegal School Conduct Falls Short | Press Release

Boston – Today, the Department of Education (Department) announced during its Negotiated Rulemaking session that it intends to redo its July 2018 proposal to revise the borrower defense rule, but indicated it will do so without complying with the statutory requirement to conduct a formal rulemaking proceeding and convene a committee of stakeholders. The borrower…

2018: The Year For-Profit College Students Fought Back – And Won

In case after case this year, students represented by the Project on Predatory Student Lending have won hard-fought victories against for-profit colleges and the Department of Education.

Defeated In Court, Education Dept. To Cancel $150 Million Of Student Loan Debt | NPR

The U.S. Department of Education is sending emails to about 15,000 people across the country telling them: You’ve got money. These are former students — and some parents of students — who took out loans for colleges that shut down between Nov. 1, 2013, and Dec. 4, 2018. About half attended campuses run by Corinthian Colleges. They will get their money back or have their debt forgiven — an amount estimated at $150 million, all told — under a provision called Automatic Closed School Discharge.

Read More

Dept. of Education to Cancel $150 Million in Student Loan Debt | NBC News

The U.S. Department of Education announced Thursday it would automatically cancel $150 million in student loans connected to for-profit colleges that closed in recent years. The move was made under an Obama-era policy that a federal judge in October essentially forced U.S. Secretary of Education Betsy DeVos to implement. The story was first reported by Politico.

Read More

Education Dept. Will Cancel $150 Million in Student Debt After Judge’s Order | New York Times

The Education Department is wiping $150 million in federal student loans off the books, and has begun the process of informing thousands of borrowers that they no longer owe the government money because the schools they attended shut their doors. The loan forgiveness, announced this week, applies to about 15,000 borrowers as federal education officials begin to carry out new rules that they fought in court for more than a year before giving up in October.

Read More

Statement on Department of Education’s Cancellation of $150 Million in Debt from Closed For-Profit Colleges

The following is a statement from Toby Merrill, Director of the Project on Predatory Student Lending, on the Department of Education’s decision to cancel $150 million in loans of former students of closed for-profit colleges. “The Department of Education illegally delayed implementation of the 2016 borrower defense rule, but because our clients in Bauer v. DeVos were…

Education Department to Cancel $150M of Debt for Borrowers at Closed Schools | Politico Pro

The Education Department plans to expunge the federal student loans owed by thousands of borrowers whose education was interrupted by the closure of their college, carrying out an Obama-era policy that Education Secretary Betsy DeVos had fought to stop. Department officials said Thursday that they will cancel the loans of about 15,000 borrowers who qualified for “closed school” loan discharges but who haven’t yet applied for that benefit. Those student loans total approximately $150 million.

Read More