Obama to Lighten Up On PLUS Loan Credit Requirements | The Street
NEW YORK (MainStreet) Federal student PLUS loans have become the target for criticism from both consumer advocates and their conservative critics. The quick study would be this: they’re too easy to get and too difficult to get rid of.
Coakley sues for-profit school, alleging deceptive practices led to few jobs, high student debt | The Boston Globe
Attorney General Martha Coakley filed suit Thursday against a national chain of for-profit colleges alleging they used aggressive and deceptive marketing and loan tactics to increase enrollments and boost profits.
Program Integrity Negotiated Rulemaking Session 2, Day 3 | New America
Today is the third day of the second negotiated rulemaking session around Program Integrity at the U.S. Department of Education offices on K Street. Negotiators met for from Wednesday through Friday.
Negotiators Tussle Over Proposed Rule to Compel State Scrutiny of Online Ed | The Chronicle of Higher Education
Colleges pushed back on Wednesday against the U.S. Education Department’s efforts to expand state oversight of online education, calling the agency’s proposed “state authorization” rule a “bureaucratic nightmare.”
Program Integrity Negotiated Rulemaking Session 2, Day 1 | New America
The U.S. Department of Education will try to move through the first three issues on the agenda today—Clock to Credit Hour Conversion, State Authorization of Distance Education, and State Authorization of Foreign Locations of Domestic Institutions.
Panel Revisits ‘State Authorization’ Rule for Distance-Education Programs | The Chronicle of Higher Education
Distance education dominated the discussion on Day 1 of the Education Department’s new round of negotiated rule-making on Wednesday, with panelists discussing how the department could ensure that states do their part to protect students studying…
For-Profit Colleges Draw Scrutiny From AG Offices | WGBH
Massachusetts is joining a growing number of states that want to better regulate for-profit colleges. The Attorney General’s office is taking testimony this week on new rules that would strengthen oversight of colleges that don’t have tax-exempt status and rely on tuition and stock market investors.
For-Profit Colleges’ Methods Under Fire | WGBH
Massachusetts is joining a growing number of states that want to better regulate for-profit colleges like DeVry, the University of Phoenix, and the Brookline-based Art Institute of New England to prevent aggressive recruiting of people who can’t afford to spend upwards of $40,000 a year on tuition and fees.
A Check On Bad Student Loan Debt | CommonWealth
LAST YEAR, FEDERAL education officials did something they almost never do: They wrote off more than $3 million in student loan debt belonging to nearly 500 students. Short of dying or paying them off, students almost never shed their college debt, even through bankruptcy.
Debt Trap | Harvard Law Today
When it abruptly closed its doors for good last January, the American Career Institute, a for-profit college with five campuses in Massachusetts, left students stranded in dire financial straits: They won’t get the job training or certificates they paid for, but they remain on the hook for student loans they can’t afford.