“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 Payments on his student loan debt were being withdrawn directly from his bank account.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.
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.
Despite Court Rulings, DeVos Leaves Obama-Era Rules Unenforced | Wall Street Journal
Education Secretary Betsy DeVos’s two-year effort to chisel away at the Obama administration’s education agenda has repeatedly been blocked by federal courts. Now, she is trying a different tactic: not enforcing the rules.
Education Department Has Stalled on Debt Relief for Defrauded Students | New York Times
The Education Department failed to approve a single application for federal student loan relief in the second half of last year, according to new department data that signals that students who claim they were cheated by their colleges cannot count on help from Washington anytime soon.
Thousands of students who say they were scammed by their schools applied for debt relief — they’re still waiting | MarketWatch
Applications for debt relief from students who say they’ve been scammed by their schools have been languishing at the Department of Education. That’s according to data from the agency requested and published late last week by the office of Senator Patty Murray, the ranking Democrat on the Senate’s Health, Education, Labor and Pension committee, which oversees the Department.
Trump Rollbacks Leave More Than 100,000 People Waiting on Student Loan Relief | CNN
It’s been five months since a federal court ordered Education Secretary Betsy DeVos to give defrauded student loan borrowers relief, but more than 100,000 people are still waiting to hear whether their debt will be canceled.
Judges Keep Slapping Down Poor Betsy DeVos! | Wonkette
Education Secretary Betsy DeVos is terrible at her job. Her objectives and overall mission are evil, but if it’s any consolation she can’t effectively implement them. After buying her Cabinet position at Sotheby’s, DeVos has spent the past two years trying to roll back Obama-era policies designed to protect and actually educate students. Unfortunately for her evil schemes, federal courts keep smacking down her slimy efforts. It’s getting embarrassing.
DeVos Strikes Out — In Court | Politico
Education Secretary Betsy DeVos’ attempts to swiftly roll back major Obama-era policies at her agency are hitting a roadblock: federal courts. Judges have rebuffed DeVos’ attempts to change Obama policies dealing with everything from student loan forgiveness to mandatory arbitration agreements to racial disparities in special education programs.
Education Department to Enforce Obama-era Ban on Mandatory Arbitration | Politico Pro
The Education Department said on Friday that it will begin enforcing an Obama-era ban on colleges using mandatory arbitration agreements, after a federal judge last fall thwarted the Trump administration’s efforts to stop the policy.
Defeated In Court, Education Dept. To Cancel $150 Million Of Student Loan Debt | NPR
The U.S. Department of Education is sending emails to about 15,000 people across the country telling them: You’ve got money. These are former students — and some parents of students — who took out loans for colleges that shut down between Nov. 1, 2013, and Dec. 4, 2018. About half attended campuses run by Corinthian Colleges. They will get their money back or have their debt forgiven — an amount estimated at $150 million, all told — under a provision called Automatic Closed School Discharge.