Update | Despite Court Order in its Favor, the Project on Predatory Student Lending Continues to Wait for DOJ to Produce Documents
Nearly three years after submitting its original Freedom of Information Act (“FOIA”) request, the Project on Predatory Student Lending is still waiting for the Department of Justice (“DOJ”) to fulfill its legal obligations to produce documents that Education Management Corporation produced to it in a federal whistleblower lawsuit.
“Now is a Time for More Scrutiny, Not Less” | Press Release
It’s important to remember that the Department did not choose to implement the critical Borrower Defense protections; these actions are required as a result of students’ court victory in the Bauer case.
Argosy University Closing Leaves Students Scrambling | Consumer Affairs
Another for-profit college has shut its doors, leaving many of its students with no degree and lots of debt. Argosy University, which operated brick-and-mortar campuses in Virginia, California, Illinois, Florida, Arizona, and other states had to turn out the lights after the U.S. Department of Education expelled it from the federal financial aid program.
Education Department to Enforce Obama-era Ban on Mandatory Arbitration | Politico Pro
The Education Department said on Friday that it will begin enforcing an Obama-era ban on colleges using mandatory arbitration agreements, after a federal judge last fall thwarted the Trump administration’s efforts to stop the policy.
Update | Higher Education is Failing Students of Color, but Congress Can Help
The harsh reality is that the burdens of student debt are not shared equally. Students of color borrow more on average than other students seeking the same degree, and are two to three times more likely to default than their white counterparts.
4 Ideas for Improving Education From The Chronicle’s 2019 ‘Shark Tank’ | The Chronicle of Higher Education
Let’s start with a disclaimer: Vetting the pitches for our Shark Tank: Edu Edition at SXSW EDU is an utterly unscientific process. The goal is to unearth some interesting ideas and have some fun exploring their pros and cons.
A College Chain Crumbles, and Millions in Student Loan Cash Disappears | New York Times
When the Education Department approved a proposal by Dream Center, a Christian nonprofit with no experience in higher education, to buy a troubled chain of for-profit colleges, skeptics warned that the charity was unlikely to pull off the turnaround it promised.
SEC Gives Former Execs of Corinthian Colleges, a Massive Scam, Slaps on the Wrist | LA Times
Corinthian Colleges was a higher-education scam that defrauded tens of thousands of low-income students out of as much as $100 million in federally backed loans. Many are still struggling with the consequences because the Trump administration is refusing to grant them full relief from their student debt.
Update | Argosy University Stipends
In January of this year, Dream Center Education Holdings—the parent company of Argosy and several other schools—entered into a federal receivership. A receivership occurs when a court appoints someone outside a company to control the company, because the company is in serious financial trouble.
Corinthian Executives Get Slap On the Wrist With SEC Fines | Press Release
The SEC has filed and settled claims against former executives of Corinthian Colleges. Meanwhile, nearly four years after Corinthian Colleges shut down, thousands of former students continue to struggle with massive sums of fraudulent debts from the college.