News

Coverage

“Attacking the Concept of Debt” | Harvard Magazine

Only a few years ago, Douglas Jones, who worked night shifts as a security guard at a nursing home in Roxbury, was hesitant to spend even $10 more than his typical budget allowed. Payments on his student loan debt were being withdrawn directly from his bank account. If the balance was short—for instance, if Jones hadn’t managed to get 40 hours at his job that week—the bank charged an overdraft fee. The debt had ruined his credit score and he hadn’t had a credit card in years. “They were even taking money I didn’t have,” Jones says. “It was stressing me the hell out.” Along with millions of other Americans, Jones had fallen prey to the for-profit college industry, which is in essence a two-pronged system—federal loans at one end and for-profit schools designed to access those loans at the other.

Read More

Judge Orders Betsy DeVos to Cancel 7,200 Scammed Borrowers’ Student Loans | MarketWatch

During most of the Trump administration’s tenure, the U.S. Department of Education, led by Betsy DeVos, has worked to limit student debt cancellation for borrowers who say they were scammed by their schools. The agency scored a win in that effort Friday, when Democrats failed to muster enough votes to override President Trump’s veto of a bill that would have overturned the Department’s approach to student debt cancellation under what’s known as the “borrower defense” rule.

Read More

Borrower-Defense Veto Override Fails | Inside Higher Ed

Opponents of U.S. Education Secretary Betsy DeVos’s rule making it more difficult for those who have been defrauded by their colleges to have their student loans forgiven are looking to the courts to block the measure after suffering a defeat in Congress Friday. In a victory for DeVos, the Democratic House failed to override President Donald Trump’s veto of a bill that would have undone DeVos’s controversial borrower-defense rule.

Read More

DeVos Tries Everything to Force Deceived Students to Repay Loans | Republic Report

Betsy DeVos’s four-year immoral crusade to harm American education has included a thoroughly corrupt effort to protect predatory for-profit colleges and force students who were scammed by these schools to pay back their student loans anyway. Advocates for veterans, single mothers, immigrants, and others ripped off by these schools have been determined to fight back. There were numerous developments last week in this struggle, and they deserve our attention.

Read More

Federal Judge Orders DeVos To Cancel Student Loans For 7,200 Defrauded Students | Forbes

Yesterday, a federal judge ordered Education Secretary Betsy DeVos to cancel the student loans for the 7,200 student borrowers in Massachusetts who attended the now-defunct Corinthian Colleges. Massachusetts Attorney General Maura Healey applied for “borrower defense” on behalf of 7,200 former Corinithian College students as a group application. Borrower defense is the provision that helps defrauded students by giving the Secretary of Education the authority to discharge debt when schools lie and cheat their students.

Read More

‘Huge Win’: Court Orders DeVos to Cancel Loans for Mass. Students Defrauded by Corinthian Colleges | Common Dreams

Advocates for students joined Massachusetts Attorney General Maura Healey in celebration Friday after a federal court in Boston ordered U.S. Education Secretary Betsy DeVos to cancel the loans of 7,200 people in the commonwealth who were defrauded by Corinthian Colleges, a for-profit education company that closed its U.S. campuses in 2015.

Read More

Federal Judge Orders Department of Education to Cancel Loans for 7,200 Students | Boston Globe

A federal judge has ordered US Department of Education Secretary Betsy DeVos to cancel the student loan debt of more than 7,200 Massachusetts students who attended Everest Institute, part of Corinthian Colleges’ defunct national chain of for-profit schools, capping a prolonged legal battle.

Read More

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.

Read More

Corinthian Colleges Students Want Education Dept. to Face Additional Sanctions for Violating a Court Order | Washington Post

Former Corinthian Colleges students are asking a federal judge to impose higher fines against the Education Department after the agency disclosed it pursued scores of additional borrowers for debt collection in violation of a court order.

Read More

Betsy DeVos: Income to Decide Education Loan Fraud Forgiveness | Ask the Truth

Overburdened by education loan is a common narrative associated with almost every other student in the US, but what seems tough, is about to get tougher. As per the new plan unveiled by the US Education Department, students who are cheated by their colleges will receive full loan forgiveness, only if they end up earning far less than their peers.

Read More