1,000 Pages Detailing the Utter Havoc ITT Wreaked on its Students’ Lives | MarketWatch
When Jorge Villalba first set foot on a California ITT campus in the mid-2000s he was lured by promises of a better life.
Former Students Fight for a Stake in ITT Educational Services Bankruptcy | The Washington Post
Creditors, federal regulators, state attorneys general and jilted employees of ITT Educational Services have laid claim to the remaining assets of one of the nation’s largest for-profit college operators in bankruptcy court. Absent from the line of those seeking redress, however, are the thousands of students who say they were defrauded by the chain. That is, until now.
The U.S. Government Is Collecting Student Loans It Promised to Forgive | Bloomberg
The Obama administration has been actively seeking loan payments from thousands of former students eligible for a debt-forgiveness program.
Elizabeth Warren Trains Her Sights on a New Target | Bloomberg
The U.S. Department of Education’s debt collectors may be violating the law by collecting on defaulted federal student loan debt that’s likely invalid yet owed by “vast numbers” of defrauded for-profit college students, Senator Elizabeth Warren (D-Mass.) charged Thursday.
Education Dept. Is Sued Over Debt Collection From Former Corinthian Students | The Chronicle of Higher Education
A former student of the defunct Corinthian Colleges Inc. is suing the U.S. Education Department to ”halt the certification of all Corinthian-related debts,” as a U.S. senator wrote to the department asking why it was collecting such debts.
Elizabeth Warren Says Government is Forcing Student Borrowers to Pay ‘Fraudulent Debts’ | MarketWatch
Tens of thousands of borrowers who were victims of fraud by their college are losing their tax refunds, Social Security benefits, and facing other debt collection practices over their student loans, according to Senator Elizabeth Warren.
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.
Obama Administration Tussles With Students Over Debt Relief | Bloomberg
This week the Obama administration put forward a plan that could fundamentally alter the way the government confronts claims of fraud by student debtors.
Defrauded Students Demand Loan Forgiveness on ‘Snake Oil Educations’ | The Fiscal Times
This week marks the one-year anniversary of the debt strike initiated by 15 former students at Corinthian, a predatory chain of for-profit colleges that lied about job placement to lure borrowers.
Education Department Delays Relief For Defrauded Student Loan Borrowers | Huffington Post
Students who claim they were defrauded by for-profit schools owned by Corinthian Colleges Inc. into taking out federal student loans will have to wait several more months before the Obama administration decides whether to cancel their debts, the Department of Education said Thursday.