“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 Payments on his student loan debt were being withdrawn directly from his bank account.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.
Borrower-Defense Rule Saved by Trump Veto but Still Faces Fight in Court | Inside Higher Ed
U.S. Education Secretary Betsy DeVos’s controversial borrower-defense rule cleared one hurdle with President Trump’s veto Friday evening of a congressional resolution that would have undone it. But the rule, which would make it harder for borrowers to have their student debt forgiven if they were defrauded by their colleges, still faces a legal challenge before it is due to go into effect July 1.
Lawsuit Challenges Trump Administration Toughening of Student Loan Cancellation Rules | NY Daily News
Kacey Martinez was stunned when her Manhattan college abruptly shut its doors in 2017, leaving her with no degree and thousands of dollars in debt. “I didn’t know that things like that happened,” fumed the 24-year-old Bronx resident of the sudden demise of TCI College of Technology in Chelsea.
Senate Might Rebuke DeVos on Borrower Defense | Inside Higher Ed
For all of President Trump’s controversial policies, it has been rare for the Republican Senate to formally condemn the administration. But lobbyists on both sides of the debate over U.S. Education Secretary Betsy DeVos’s borrower-defense rule say it’s increasingly possible that the Republican Senate could join the Democratic House in rebuking the administration over the rule critics say makes it harder for defrauded students to have their education loans forgiven.
Student Loan Borrowers Sue Betsy DeVos – Again | Forbes
Student loan borrowers have filed yet another lawsuit against Education Secretary Betsy DeVos over the Borrower Defense to Repayment program. Borrower Defense to Repayment was established in 2016 by the Obama administration. The program was created in the wake of the collapse of major for-profit colleges to provide student loan forgiveness for borrowers who were defrauded by their schools.
DeVos, DOE Sued for Borrower Defense Ruling Again | Holland Sentinel
Another group has filed a lawsuit against U.S. Secretary of Education Betsy DeVos for the Department of Education’s reversal of an Obama-era borrower defense rule. The Project on Predatory Student Lending and Public Citizen Litigation Group (PPSL) is suing the DOE in the U.S. District Court for the Southern District of New York, the group announced in a press release on Wednesday, Feb. 19.
Lawsuit: Department of Education is Making it ‘Nearly Impossible’ for Defrauded Students to Cancel Their Student Loans | Market Watch
A lawsuit filed Wednesday alleges that new Department of Education rules, set to take effect in July, will make it more difficult for scammed students to write off their student loans.
Education Secretary Betsy DeVos Faces Another Lawsuit for Overturning an Obama-Era Rule | Yahoo Finance
A group of consumer advocates filed a lawsuit against the Department of Education (ED) for revising an Obama-era rule that was designed to protect students who were defrauded by predatory schools.
Education Advocacy Group Sues DeVos Over Student Loan Protection Rule | Law.com
A New York public interest group on Wednesday sued U.S. Education Secretary Betsy DeVos in Manhattan federal court over a new rule that rolls back Obama-era protections for students who claim they were defrauded by colleges or universities. The lawsuit, filed by the Project on Predatory Student Lending and Public Citizen Litigation Group on behalf of the New York Legal Assistance Group, aims to invalidate borrower defense regulations that would impose new requirements and procedural hurdles for students looking to cancel fraudulent loan obligations.
The New York Legal Assistance Group Plans to File a Lawsuit Blocking DeVos’ “Borrower Defense” Rule | Politico’s Morning Education
The group, which provides free legal help to low-income individuals, expects to file the lawsuit this morning in federal court in the Southern District of New York. NYLAG is represented by Harvard Law School’s Project on Predatory Student Lending and Public Citizen Litigation Group, both of which successfully challenged DeVos’ efforts to delay the Obama-era “borrower defense” policy, forcing the 2016 rule to take effect.