Project on Predatory Student Lending
Judge Orders That Department of Education Cannot Resume Issuing Borrower Defense Denials Without Notifying Court and Borrowers | Press Release
Optimism and Hope: “Fail State” Forum and Panel Look Ahead | Blog
“Attacking the Concept of Debt” | Harvard Magazine
Betsy DeVos Ordered to Testify in Student Borrower Class Action | Courthouse News Service
Rejecting arguments that making a cabinet official testify threatens the separation of powers, a federal judge this week ordered former Education Secretary Betsy DeVos to answer questions about long delays and mass denials of student debt relief claims.
Student Loan Truth: Eynelys’ DeVry University Story | Blog
DeVry misled Eynelys about their financial aid plan and job placement services, leading her to drop out of her program. In 2016, the Federal Trade Commission sued DeVry for making deceptive claims related to graduate job placement rates and compensation. Eynelys filed a borrower defense application four years ago, seeking relief from her student loan debt, and still has not received a decision from the Department of Education.
Left in the Lurch by Private Loans From For-Profit Colleges | New York Times
Ms. Campbell’s loan is a tiny fraction of the more than $30 million owed to Florida Career College’s parent company, the International Education Corporation. The company doesn’t care whether she, and thousands of others, ever fully pay it back. Its main reason for lending to people like her is so the company can operate its other, much more lucrative business model — reaping revenue from federal student aid. By law, a tenth of a for-profit school’s revenue must come from sources other than federal financial aid (loans, grants and other programs students use to pay for college) and loans like Ms. Campbell’s help them meet that quota.
90% of Borrowers Who Claim They Were Scammed By Their Schools Were Denied Relief | MarketWatch
Students who attended colleges that have misled them have the right under the law to have their federal student loans discharged, but over the past few years, accessing that relief has been nearly impossible, despite evidence of malfeasance by their schools, new documents suggest. More than 200 borrowers who attended a school where an admissions representative pled guilty to making a false statement in an application for federal student aid had their applications for relief denied by the Department of Education, according to the documents.
A DeVos System Allowed 12 Minutes to Decide Student Loan Forgiveness | New York Times
Former Education Secretary Betsy DeVos made no secret of her disdain for a program intended to forgive the federal student loans of borrowers who were ripped off by schools that defrauded their students. She called it a “free money” giveaway, let hundreds of thousands of claims languish for years, and slashed the amount of relief granted to some successful applicants to $0.
Students: DeVos’s Dept. Of Education Deliberately Thwarted Student Loan Forgiveness Program | Forbes
In new court documents filed today, student loan borrowers in an ongoing class action lawsuit against the U.S. Department of Education accused officials acting under former Secretary Betsy DeVos of coordinating deliberate efforts to thwart a key student loan forgiveness program.
How COVID-19 Has Impacted Thousands of Defrauded Student Borrowers | Blog
The COVID-19 pandemic has caused unprecedented economic vulnerability for millions of people across the country. For student borrowers who have been defrauded by for-profit colleges, this struggle has only been exacerbated.
Updated Complaint: Education Department Officials Secretly Rigged Process to Deny Borrower Defense Applications for Debt Relief | Press Release
New evidence unveiled in lawsuit Sweet v. Cardona shows a sham process set up to deny defrauded borrowers debt relief regardless of the merits of their application.
Biden Administration Backs DeVos in Fight Over Testifying About Loan Forgiveness | Politico
The Biden administration is backing former Education Secretary Betsy DeVos as she tries to avoid having to testify in a lawsuit challenging the Trump administration’s lengthy delays and sweeping denials of student loan forgiveness claims.
Biden Admin Teams Up with Ex-Trump DOJ Official to Defend Betsy DeVos Against Ripped-Off College Students | Law and Crime
The U.S. Department of Justice (DOJ) under President Joe Biden is going to the mat for former secretary of education Betsy DeVos. In a Monday filing with the U.S. District Court for the Southern District of Florida, Acting Assistant Attorney General Brian Boynton and other DOJ attorneys argued that students who were ripped off by for-profit scam colleges cannot depose the former Trump-era official.