Cancel Student Debt, Boost the Economy | Medium
In April, Senator Elizabeth Warren released a bold plan for free public college and debt cancellation. This transformational proposal takes direct aim at some of the deepest inequities in education in America, and it’s funded by her Ultra-Millionaire tax on wealth above 50 million. The plan includes a $50 billion minimum fund for historically Black colleges and universities (HBCUs) and minority-serving institutions, and will make public college tuition-free at both two- and four-year institutions.
Argosy University Closing Leaves Students Scrambling | Consumer Affairs
Another for-profit college has shut its doors, leaving many of its students with no degree and lots of debt. Argosy University, which operated brick-and-mortar campuses in Virginia, California, Illinois, Florida, Arizona, and other states had to turn out the lights after the U.S. Department of Education expelled it from the federal financial aid program.
SEC Gives Former Execs of Corinthian Colleges, a Massive Scam, Slaps on the Wrist | LA Times
Corinthian Colleges was a higher-education scam that defrauded tens of thousands of low-income students out of as much as $100 million in federally backed loans. Many are still struggling with the consequences because the Trump administration is refusing to grant them full relief from their student debt.
Dept. of Education to Cancel $150 Million in Student Loan Debt | NBC News
The U.S. Department of Education announced Thursday it would automatically cancel $150 million in student loans connected to for-profit colleges that closed in recent years. The move was made under an Obama-era policy that a federal judge in October essentially forced U.S. Secretary of Education Betsy DeVos to implement. The story was first reported by Politico.
Borrowers Face Hazy Path as Program to Forgive Student Loans Stalls Under Betsy DeVos | New York Times
The students attended institutions with pragmatic names like the Minnesota School of Business and others whose branding evoked ivy-draped buildings and leafy quads, like Corinthian Colleges. Tens of thousands of them say they are alike in one respect: They were victims of fraud, left with useless degrees and crushing debts.
Coalition Urges Loan Debt Cancellation for Former Corinthian Students | Diverse Issues in Higher Education
U.S. Sen. Dick Durbin of Illinois, Rep. Joe Kennedy III of Massachusetts, Massachusetts attorney general Maura Healey, the Debt Collective organization and others on Monday joined the Project on Predatory Student Lending to launch a public awareness campaign urging eligible students of former Corinthian Colleges to apply to have the Department of Education cancel their debts.
DeVos Proposes to Curtail Debt Relief for Defrauded Students | New York Times
Education Secretary Betsy DeVos proposed on Wednesday to curtail Obama administration loan forgiveness rules for students defrauded by for-profit colleges, requiring that student borrowers show they have fallen into hopeless financial straits or prove that their colleges knowingly deceived them.
Court Tells Department of Ed to Stop Debt Collections for Defrauded Borrowers | Inside Higher Ed
A federal district court this week ordered the Trump administration to halt collections on loans held by former Corinthian Colleges students while it sorts out the legality of a system to provide partial debt relief to borrowers who were defrauded or misled by their institution.
Judge Expands Order Blocking DeVos Partial Loan Forgiveness Policy | Politico
A federal judge in California is expanding the number of former Corinthian Colleges students who will receive a temporary reprieve on their federal student loans amid an ongoing legal challenge to the Trump administration’s loan discharge policies.
Judge Rejects DeVos’s Interpretation of Order to Halt Partial Student Debt Relief Plan | The Washington Post
Tens of thousands of former Corinthian Colleges students can breathe a sigh of relief after a federal judge said late Tuesday that the U.S. Department of Education must stop all attempts to collect on their federal student loans. The decision clarifies the scope of the judge’s ruling in May banning the Education Department from using earnings data to grant partial student loan forgiveness to Corinthian students and halting collection on their federal debts.