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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: Brandon Hurshman and Melissa Arroyo’s Art Institute Story | Blog

Brandon and Melissa just wanted an education. Instead, what they got from the Art Institute was a lot of unfulfilled promises and a heavy burden of fraudulent debt. In fact, the engaged couple says the only positive thing that came out of that school was finding each other.

Student Loan Borrowers Sue Betsy DeVos – Again | Forbes

Student loan borrowers have filed yet another lawsuit against Education Secretary Betsy DeVos over the Borrower Defense to Repayment program. Borrower Defense to Repayment was established in 2016 by the Obama administration. The program was created in the wake of the collapse of major for-profit colleges to provide student loan forgiveness for borrowers who were defrauded by their schools.

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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.

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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My Student Loan Truth: Andrea’s Story | Blog

When the Department of Education seized Andrea’s tax refunds to pay for bogus student loan debt from Corinthian Colleges, there were devastating effects for her entire family.

UPDATE: Judge Grants Class Certification to 200,000 Student Borrowers in Sweet v. DeVos | Blog

A judge certified the class of more than 200,000 borrowers in Sweet v. DeVos, a case that seeks to force the Department of Education to process their borrower defense applications.

My Student Loan Truth: Amanda’s Everest Institute Story | Blog

“A lot of people worked hard, graduated at the top of their class, and were still left in this spot. We were cheated. It destroys your faith in the government and in our system of education and I think it’s important to stand up to that.”