“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 Payments on his student loan debt were being withdrawn directly from his bank account.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.
Defrauded Student Loan Borrowers Win, but Still Lose | New York Times
Education Secretary Betsy DeVos is denying huge batches of relief requests from students whose schools defrauded them. Even those who aren’t denied are getting very little — or sometimes nothing.
Scammed Borrowers Sue Betsy DeVos, Alleging She Illegally Limited Student-Loan Cancellation | Market Watch
Students who’ve been scammed by their schools are being illegally cheated again — this time out of the loan cancellation that they’re entitled to, a new lawsuit alleges. A group of student-loan borrowers filed a class-action lawsuit Tuesday accusing Secretary of Education Betsy DeVos and her department of illegally limiting the amount of relief student-loan borrowers who were misled by their schools receive.
Student Loan Borrowers Sue DeVos To Overturn Loan Forgiveness Rule | Forbes
Student loan borrowers have filed a new lawsuit against Education Secretary Betsy DeVos. The lawsuit concerns the Borrower Defense to Repayment program. This loan forgiveness program was originally enacted by the Obama administration to provide student debt relief to students who were misled, defrauded, or otherwise harmed by predatory colleges and universities.
Education Secretary DeVos Sued Over Rule Related to For-Profit College Fraud | Yahoo Finance
The Department of Education (ED) changed its rules on how students defrauded by for-profit colleges seek debt relief, leading to lawsuits and a political fight to return the rule to its Obama-era form and a veto from President Trump in support of the change. Now consumer advocates are suing over related, lesser known Trump administration student debt rule change in another attempt to obtain more relief for defrauded students.
Betsy DeVos To Be Sued Over Partial Debt Forgiveness Policy | Forbes
Education Secretary Betsy DeVos is being sued again. This time for her new partial debt forgiveness policy under the “borrower defense to repayment” rule. DeVos announced the new policy last year, providing for a way for borrowers who were defrauded by their school to get only a portion of their loans cancelled.
Consumer Groups to Challenge ‘Partial Relief’ Rule | Inside Higher Ed
Consumer groups are expected to file a federal lawsuit today challenging U.S. Education Secretary Betsy DeVos’s so-called partial relief rule, in which more students get only a part of their student debt forgiven if they have been defrauded by their institutions.
New Lawsuit Over DeVos’ Partial Loan Forgiveness Policy | Politico
Consumer groups this morning are filing a new legal challenge to DeVos’ policy, announced last year, that will cancel only part of the loan debt owed by federal student loan borrowers who are defrauded by their college.
Trump’s Education Chief in Hot Seat Over Student-Debt Collection | Bloomberg
U.S. Secretary of Education Betsy DeVos faces potential sanctions or a finding she’s in contempt of court for continuing to collect on the debt of former students at bankrupt Corinthian Colleges Inc., going so far as seizing their tax refunds and wages.
DeVos Violated a Court Order to Stop Collecting on the Debts of Corinthian College Students. Now, They Want her Held in Contempt. | The Washington Post
Despite a court order barring the Education Department from collecting on the federal student loans of former Corinthian College students, the agency continued to pursue the debts. Some former students of the defunct for-profit college had their paychecks garnished. Others had their tax refunds seized by the federal government.