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Project on Predatory Student Lending

Students Challenge Education Department’s Latest Scheme to Deny Student-Loan Relief | Press Release

Press Releases
Project on Predatory Student Lending

Florida For-Profit Colleges Sued for Selling Predatory Product and Targeting Black Students | Press Release

Press Releases
Project on Predatory Student Lending

Student Borrower Class Forces Department of Education to Process All Pending Borrower Defense Claims | Press Release

Statement on Legislative Plan to Cancel Fraudulent Corinthian and ITT Student Debt | Press Releases

Senators Durbin, Brown, and Warren, and Congressmembers Takano and Jayapal introduced a legislative plan to completely cancel the loans of borrowers who have long been deemed eligible for borrower defense discharge.

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.

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.

Former Students of Defunct ITT Tech Receive $95.1 Million Loan Relief | Wall Street Journal

WASHINGTON—The Education Department is providing loan relief to some 7,800 former students of the ITT Technical Institute, with debts totaling $95.1 million being forgiven by the government years after the giant for-profit school chain closed. The department said that it has identified 7,878 former students of ITT Tech as eligible for a program in which loans are discharged automatically within three years of a school closure. Of those borrowers who attended the school, 7,697 had received loan forgiveness as of Jan. 3.

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Defrauded college students will no longer be taxed on their canceled loans | Washington Post

Student loan borrowers whose education debt has been canceled because their college closed or engaged in fraud will no longer face a tax bill, relief that arrives as applications for forgiveness continue to grow. On Wednesday, the Internal Revenue Service issued guidance shielding borrowers from having their discharged federal and private loans treated as taxable income. The measure is effective for education loans canceled on or after Jan. 1, 2016. Anyone affected by the new policy may claim a credit or refund for an overpayment of taxes.

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Statement From The Project on Predatory Student Lending On Senator Warren’s Plan For Student Debt Cancellation | Press Release

Senator Elizabeth Warren announced her plan to “cancel student debt on day one” of a Warren presidency, citing a Project on Predatory Student Lending legal analysis which outlines the President’s legal authority to direct the Secretary of Education to cancel student loan debt.

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.