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“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 Payments on his student loan debt were being withdrawn directly from his bank account.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.

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For-Profit Schools Target The Black Community. Here’s How You Can Avoid The Scam | BET

This article takes a deeper dive into for-profit schools and the students who have been scammed into pursuing quick-and-easy higher education. Let’s all take a minute to look at why this problem hits the Black community the hardest.

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All the Ways Student Debt Exacerbates Racial Inequality — ‘It’s Like Landing in Quick Sand’ | MarketWatch

Student debt is often thought of as a generational issue, plaguing 20- and 30-somethings as they make their way into adulthood. And while it’s true that young adults are coping with levels of student debt rarely experienced by their parents and even older siblings, perhaps one of the biggest factors defining a borrower’s student loan experience is their race.

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For-Profit Schools’ Predatory Practices and Students of Color: A Mission to Enroll Rather than Educate | Harvard Law Review

In a move with significant implications for federal civil rights enforcement, the Department of Education has halted investigations into several large for-profit institutions widely accused of defrauding students. This decision sends an even clearer message that the Department of Education stands on the side of corrupt corporations rather than with students.

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Betsy DeVos Doesn’t Give a Damn About Students, Education or the Cost Thereof | The Root

Can we stop telling the lie that Betsy DeVos has the best interest of this nation’s students at heart? The U.S. Department of Education has devolved into yet another classist system of oppression set up to hold down people of color and low-income families. This latest move by DeVos is proof of that.

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Court Revives Suit Against U.S. Over Fraudulent Student Loans | New York Law Journal

Former beauty school students may pursue claims that the U.S. Department of Education defied federal law by collecting student loans it knew may have been obtained fraudulently, a federal appeals court determined.

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U.S. Must Face Lawsuit Over Beauty School Student Loans | Reuters

A U.S. appeals court in New York revived a lawsuit seeking to stop the government from collecting on loans made to students of a nationwide beauty school chain, since it knew the now-defunct company routinely falsified student eligibility for those loans.

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