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New York Times

The $1.7 Billion Student Loan Deal That Was Too Good to Be True | New York Times

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Washington Post

DeVry, ITT Tech students among thousands of defrauded borrowers to receive $415 million in loan cancellation | Washington Post

Press Releases
Project on Predatory Student Lending

New Report Details Massive Scale of Fraud and Abuse at Notorious For-Profit College ITT Tech | Press Release

In Case You Missed It: A National Spotlight On ITT’s Fraud and Abuse | Blog

Just last week, Senator Dick Durbin of Illinois used his time on the Senate floor to bring the “Dreams Destroyed” report before his Congressional colleagues.

Student borrowers are keeping the pressure up in 2022 | Blog

In just three months of 2022, we’ve seen notable progress in the fight towards holding predatory for-profit colleges and those who enable them accountable. From a scathing report detailing ITT’s decades of wrongdoing, to students in Sweet v. Cardona calling out the growing borrower defense backlog, borrowers are not letting up and keeping the pressure on the Education Department’s arbitrarily long and winding road to justice.

When colleges defraud students, should the government go after school executives? | NPR

In a shocking investigation, the U.S. Senate declared the federal student loan program “plagued by fraud and abuse.” Its report heaped scorn on for-profit trade schools for serving 22% of federal student loan borrowers but accounting for 44% of defaults. “The school keeps the student aid money … and the student is left holding the bag with a poor credit rating, no job and no income to repay the student loan,” U.S. Rep. Marge Roukema, R-N.J., declaimed in her crusade against for-profit “bad apples.”

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Student Loan Truth: Gainful Employment Not Guaranteed | Blog

One topic that came up again and again during the Department of Education’s February Negotiated Rulemaking sessions was gainful employment of for-profit college graduates – or the lack thereof.

Report On Fraud Committed By ITT Technical Institute Highlights Need To Protect Student Loan Borrowers With Stronger Regulation Of For-Profit Colleges | Forbes

Last week the Project on Predatory Lending released an extensive report detailing abuses by the now-closed ITT Technical Institute (ITT Tech). The report details how ITT Tech systematically defrauded millions of students over decades, abused the federal financial aid system and left students weighed down with student loan debt and worthless credentials.

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DeVry, ITT Tech students among thousands of defrauded borrowers to receive $415 million in loan cancellation | Washington Post

The Education Department said Wednesday that it will cancel the federal student loans of nearly 16,000 people defrauded by DeVry University, ITT Technical Institute and Minnesota School of Business/Globe University.

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Department of Education to cancel $415 million in student loan debt | MarketWatch

Roughly 16,000 borrowers who were scammed by their schools will have their federal student loans discharged, resulting in $415 million in relief, the Department of Education announced Wednesday. The borrowers receiving relief attended four for-profit colleges that the agency found misled students in the process of luring them into enrolling and taking on debt to pay for school.

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Education Department’s Student Loan Discharges Represent Only 6% of Unresolved Borrower Defense Claims | Press Release

Today, the U.S. Department of Education announced that it will cancel $415 million in federal student loans for approximately 16,000 borrowers, including former students of the for-profit colleges ITT Tech, Corinthian Colleges, DeVry University, Westwood College, Marinello Schools of Beauty, and Minnesota School of Business/Globe University. The Department described its findings as “instances in which students were misled into loans at institutions or programs that could not deliver what they’d promised.”

Biden Administration Approves $415 Million In New Student Loan Forgiveness Under Troubled Program: Key Details | Forbes

The U.S. Department of Education on Wednesday announced that it had approved $415 million in new student loan forgiveness for borrowers defrauded by their schools. “The Department remains committed to giving borrowers discharges when the evidence shows their college violated the law and standards,” said U.S. Secretary of Education Miguel Cardona in a statement. “Students count on their colleges to be truthful. Unfortunately, today’s findings show too many instances in which students were misled into loans at institutions or programs that could not deliver what they’d promised.”

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For-Profit College CEO Said CFPB’s Chopra Should Be Abused At Guantanamo | Republic Report

On October 2, 2015, Kevin Modany, the CEO of ITT Educational Services, Inc., then one of the biggest for-profit college operations in the United States, sent an email to company lawyers about Rohit Chopra, an assistant director at the U.S. Consumer Financial Protection Bureau. “This guy,” Modany wrote, “should be sent to Guantanamo Bay for about a decade of R&R; which should include an aggressive regimen of ‘water sports’!”

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