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.
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.
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.
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.
‘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.
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.
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.