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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

My Student Loan Truth: Shaun’s Art Institute Story | Blog

Secretary DeVos’s new Borrower Defense rules will gut important protections for students cheated by for-profit colleges. The rules would impose near-impossible standards for defrauded students seeking their rights to loan cancellation, a process that the Department has already made incredibly difficult for students like Shaun Joyce.

My Student Loan Truth: Jared’s South University Story | Blog

When the Dream Center chain collapsed, thousands of students were left stranded and scammed of education. Jared Russell was one of them.

Student Advocates Announce Closed School Discharges for Over 30,000 Student Borrowers | Press Release

Student Defense and the Project on Predatory Student Lending issued statements today responding to the U.S. Department of Education’s confirmation that it had discharged loans for over 30,000 student borrowers under the automatic closed school discharge provision of the 2016 borrower defense rule. The discharges include roughly $95.1 million in relief for approximately 7,700 former students of the predatory for-profit college, ITT Tech.

My Student Loan Truth: Lyndsie’s Art Institute Story | Blog

Lyndsie attended the Art Institute of California, where she was pressured into signing up for a design program and significant student loans. She soon realized that the school was a “joke” and her degree was worthless.

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.

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

I’m beyond disappointed about the fact that the government isn’t doing anything to stop these schools from defrauding students in the first place. The fact that there is no protection for a vulnerable 21 year old signing a loan for the first time and being taken advantage of isn’t fair or responsible. You shouldn’t need a lawyer to be able to go to college.

Servicers Are Wrongly Denying Closed School Discharges to Art Institute of Phoenix Students. Why? | Blog

Borrowers are eligible for a closed school discharge as long as they didn’t complete their program or transfer credits to a comparable program and were enrolled within 120 days of the schools’ closure date—in this case, December 14, 2018.

Cancel Student Debt, Boost the Economy | Medium

In April, Senator Elizabeth Warren released a bold plan for free public college and debt cancellation. This transformational proposal takes direct aim at some of the deepest inequities in education in America, and it’s funded by her Ultra-Millionaire tax on wealth above 50 million. The plan includes a $50 billion minimum fund for historically Black colleges and universities (HBCUs) and minority-serving institutions, and will make public college tuition-free at both two- and four-year institutions.

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Turning to Courts for Loan Forgiveness | Inside Higher Ed

Earlier this year, Sarah Dieffenbacher closed the book on a two-year legal fight with the U.S. Department of Education over her student loan debt. But the resolution was unsatisfying to Dieffenbacher. Instead of getting a ruling on the loan-forgiveness claim she filed for debt racked up at the former Everest College, the department discharged her loans through bankruptcy court.

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My Student Loan Truth: Wilfredo’s Art Institute Story | Blog

Wilfredo Morales attended the Art Institute of York in Alabama, which promised him a degree and a job in graphic design. Instead, the school convinced Wilfredo AND his mother to take out massive student loans, and failed to deliver an education.