Posts by Lindsey Withem

Biden Administration Drops Appeal of Legal Decision Granting former Corinthian Colleges Students Debt Relief | Washington Post

A group of 7,200 former students of the defunct for-profit chain Corinthian Colleges will have their federal student loans canceled after the Education Department agreed Thursday to drop its appeal of a court order to clear their debts. The decision arrives more than a year after a federal judge ruled that the students in Massachusetts were entitled to a full discharge of their loans under a statute known as borrower defense to repayment. The Trump administration fought the order and brought the case to a standstill, but borrowers were hopeful the Biden administration would concede.

Read More

Professor Who Backed Warren’s Debt Cancellation Plan Appointed for Education Department Role | Yahoo

A Harvard law professor who said the education secretary has legal authority to forgive $50,000 in student debt per person as Sen. Elizabeth Warren proposed was appointed to serve in the Department of Education’s legal division. Toby Merrill, founder of the Project on Predatory Student Lending, which provides legal representation to low-income borrowers against for-profit schools, will serve as the deputy general counsel within the Education Department’s Office of General Counsel, the agency announced Tuesday.

Read More

Biden’s Education Dept. Just Hired Elizabeth Warren’s Student-Loans Expert, Who Studied Predatory Lending at Harvard | Business Insider

A new hire at the Education Department is another in the growing number of experts who have fought alongside Massachusetts Sen. Elizabeth Warren to reform the student-loan debt system. Toby Merrill, founder of the Project of Predatory Student Lending at the Legal Services Center of Harvard Law School, was hired as the Education Department’s Deputy General Counsel in the Office of the General Counsel on Tuesday, according to a press release.

Read More

Did The Biden Administration Just Send A Big Signal On Student Loan Cancellation? | Forbes

The Biden administration may have just given proponents of broad student loan forgiveness a reason to hold out hope that the President will take action on student debt. The U.S. Department of Education announced this week that it would be hiring Toby Merrill as Deputy General Counsel. Merrill previously founded and directed the Project on Predatory Student Lending, a legal services organization that represents low-income borrowers who have been harmed by the predatory practices of for-profit schools.

Read More

Debt Cancellation Backer at Harvard Named to Education Post | Bloomberg Law

A vocal proponent of canceling student loan debt is joining the Biden administration in a top role at the Education Department’s Office of the General Counsel. Toby Merrill, who founded and directed the Project on Predatory Student Lending at Harvard Law School, will serve as deputy general counsel. The Education Department announced her hiring, along with several other political appointees, on Tuesday.

Read More

‘We’re Going to Lose a Generation of Student-Loan Borrowers’: Pressure Mounts to Extend Payment Pause | MarketWatch

When Catherine Bolton retired earlier this year, she entered her golden years with an obligation she’d hoped she would be done with by now: roughly $40,000 in student debt. In the months since she left her job as an elementary school mental-health professional, Bolton, 67, has had a reprieve from monthly student loan bills, thanks to the coronavirus-era pause on student loan payments and interest. But she’s worried about having enough room in her budget if payments resume as scheduled in October — and that the payments will haunt her for the rest of her life.

Read More