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.
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.
Student Advocates Again Challenge DeVos in Court For Trashing Obama-Era Rules | Republic Report
Trump education secretary Betsy DeVos has trashed two key rules that the Department of Education, during the Obama administration, painstakingly developed to discourage for-profit colleges from deceiving and abusing their own students. With a new lawsuit filed today, advocates for students are now in court fighting to cancel both of the DeVos anti-rules and keep the previous Department regulations in place.
Why People with Student Debt are Refusing to Repay It | CNBC
Sandy Nurse doesn’t see why she needs to be $120,000 in debt “just for trying to improve my understanding of the world.” And so, after a decade of struggling to repay her student loans, she plans to stop trying. She hopes others will join her, too, in a national strike against the country’s outstanding student loan debt, which is marching toward $1.7 trillion.
Muddied Picture for Defrauded Borrowers | Inside Higher Ed
Democrats in the U.S. House of Representatives were able to pass a measure last week expressing opposition to Education Secretary Betsy DeVos’s borrower-defense rule. But because of politics and both ongoing and upcoming legal battles, the vote did little to clear up what will happen to students who are asking for their loans to be discharged because they were defrauded by colleges.
House votes to make it easier for scammed borrowers to cancel student loans | MarketWatch
Federal lawmakers voted Thursday to block Education Department rules that would make it harder for scammed students to wipe away loans from shuttered schools. The Democrat-controlled U.S. House of Representatives passed a measure that would halt rules slated for implementation in July and reinstate Obama administration-era regulations on how to deal with the debt loads of students with useless degrees.
Canceling Student Debt Is Easier Than It Sounds | NPR
Sen. Elizabeth Warren, D-Mass., has pledged to cancel up to $50,000 of debt for 95% of student loan borrowers if she is elected president. Sen. Bernie Sanders, I-Vt., has proposed an even more generous plan if he’s elected.
White House contender Warren sees path to cancel student loan debt without Congress | Reuters
Democrat Elizabeth Warren outlined on Tuesday how, if elected to the White House, she would on the first day of her presidency cancel federal student loan debt by using the Department of Education’s pre-existing authority.
Warren Would Bypass Congress to Cancel Federal Student Debt | Bloomberg
Senator Elizabeth Warren proposed Tuesday to ease federal student loan debt with executive authority, in a policy rollout aimed at attracting young voters. Warren said that as president, she would not wait for Congress to approve her plans to cancel or modify federal student debt. Instead, she would directly authorize the Department of Education to provide as much as $50,000 in relief to about 95% of student loan borrowers.