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Project on Predatory Student Lending

ITT Student Files New Lawsuit Against Navient for Private Student Debt Cancellation | Press Release

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Harvard Magazine

“Attacking the Concept of Debt” | Harvard Magazine

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Update | Borrowers Raise Concern over Borrower Defense Denials

“Attacking the Concept of Debt” | Harvard Magazine

Only a few years ago, Douglas Jones, who worked night shifts as a security guard at a nursing home in Roxbury, was hesitant to spend even $10 more than his typical budget allowed. Payments on his student loan debt were being withdrawn directly from his bank account. If the balance was short—for instance, if Jones hadn’t managed to get 40 hours at his job that week—the bank charged an overdraft fee. The debt had ruined his credit score and he hadn’t had a credit card in years. “They were even taking money I didn’t have,” Jones says. “It was stressing me the hell out.” Along with millions of other Americans, Jones had fallen prey to the for-profit college industry, which is in essence a two-pronged system—federal loans at one end and for-profit schools designed to access those loans at the other.

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Congress Rejects DeVos’ Borrower Defense Rollback | Press Release

In a rare bipartisan vote, the Senate rebuked Secretary DeVos by voting to overturn the 2019 borrower defense rule. This resolution would leave the 2016 borrower defense rule in place and prohibit the Department from attempting to make new borrower defense regulations.

Student Advocates Challenge DeVos’ Borrower Defense Rule | Press Release

Student advocates filed suit today to invalidate the U.S. Department of Education’s new borrower defense rules, which reverse vital protections from predatory schools and impose onerous standards and procedural hurdles for defrauded students seeking to assert their legal rights to cancel loans.

DeVos and Education Dept. could face new sanctions for violating a court order | The Washington Post

A federal judge is weighing higher fines for the Education Department after the federal agency disclosed that it pursued scores of additional borrowers for debt collection — violating a court order.

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STATEMENT: “This hearing has made clear once again that Secretary DeVos won’t let the law get in the way of her agenda against students” | Press Release

Secretary DeVos made her point very clear in today’s hearing: she does not believe that cheated borrowers are legally entitled to relief.

Breaking: Secretary DeVos Denies Students’ Rights to Full Debt Cancellation | Press Release

Education Secretary Betsy DeVos announced that she will deny full student loan cancellation to student borrowers who were cheated by their colleges and applied to have their federal loans cancelled.

Update | Two Project on Predatory Student Lending Alumni Testify to Department of Education

Two alumni of the Project on Predatory Student Lending testified to the Department of Education in support of the rights of borrowers treated unfairly by for-profit colleges to a fair, effective, and efficient process to get their federal student loans discharge

Update | Project on Predatory Student Lending Releases Poster Explaining Rights and Options of Students Who Attended Closed Everest Schools

LSC’s Project on Predatory Student Lending, along with the National Consumer Law Center’s Student Loan Borrower Assistance Project, released a poster showing rights and options of students at the two Massachusetts Everest schools, as well as other Corinthian-owned schools that closed or are in the process of closing.

Update | Students Reflect on LSC’s Role in their Pursuit of Public Interest Careers

In a recent post on the HLS Admissions Blog, two students of the Project on Predatory Student Lending wrote about Building a Public Interest Career at HLS. They name four building blocks for a career in public interest law, including clinical work.

Update | Project on Predatory Student Lending Student Saves Client Over $40,000

The Project on Predatory Student Lending recently helped save a client over $44,000. A problem in his federal student loan consolidation left him with several defaulted loans.