Why Did The CARES Act Give More Money To Hair Schools Than To A Community College? | NBC News
After $14 billion was set aside for higher education in the Coronavirus Aid, Relief and Economic Security Act, Houston Community College and the Paul Mitchell Schools both got financial relief. The Houston college, a public institution with nearly 60,000 students, received $28.3 million. The for-profit hair and cosmetology schools received $30.5 million, despite serving only 20,000 students.
Students Call College That Got Millions In Coronavirus Relief ‘A Sham’ | NPR
A for-profit college received millions of dollars from the federal government to help low-income students whose lives have been upended by the coronavirus outbreak, but that same school, Florida Career College (FCC), is also accused of defrauding students.
For-Profit College Set To Collect $17 Million In Federal Stimulus Cash Is Sued For Predatory Practices | Forbes
Florida Career College, a for-profit two-year vocational school, is getting $17 million in federal coronavirus relief money. It’s one of dozens of for-profits slated to receive a total of $1.1 billion in grants included in the $14 billion Congress set aside for institutions of higher education in the CARES Act, passed last month.
Class Action: Ex-Students Sue Florida For-Profit College Over Allegedly Worthless Education | LAW.COM
Former students have bad things to say about a for-profit college that allegedly took their money and left them jobless.
Florida For-Profit College, Getting $17 Million in COVID-19 Aid, Accused of Scamming Black Students | Republic Report
Faced with concerns from critics in Congress and elsewhere that many for-profit colleges will take advantage of the COVID-19 crisis to accelerate predatory behavior, the industry’s chief lobbyist, Steve Gunderson, has been repeating his claim that the bad actors among for-profit schools have shuttered, and what remains are sincere, hard-working operations focused on helping students.
Former Students of Defunct ITT Tech Receive $95.1 Million Loan Relief | Wall Street Journal
WASHINGTON—The Education Department is providing loan relief to some 7,800 former students of the ITT Technical Institute, with debts totaling $95.1 million being forgiven by the government years after the giant for-profit school chain closed. The department said that it has identified 7,878 former students of ITT Tech as eligible for a program in which loans are discharged automatically within three years of a school closure. Of those borrowers who attended the school, 7,697 had received loan forgiveness as of Jan. 3.
Defrauded college students will no longer be taxed on their canceled loans | Washington Post
Student loan borrowers whose education debt has been canceled because their college closed or engaged in fraud will no longer face a tax bill, relief that arrives as applications for forgiveness continue to grow. On Wednesday, the Internal Revenue Service issued guidance shielding borrowers from having their discharged federal and private loans treated as taxable income. The measure is effective for education loans canceled on or after Jan. 1, 2016. Anyone affected by the new policy may claim a credit or refund for an overpayment of taxes.
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.
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.
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.