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Project on Predatory Student Lending

Students Challenge Education Department’s Latest Scheme to Deny Student-Loan Relief | Press Release

Press Releases
Project on Predatory Student Lending

Florida For-Profit Colleges Sued for Selling Predatory Product and Targeting Black Students | Press Release

Press Releases
Project on Predatory Student Lending

Student Borrower Class Forces Department of Education to Process All Pending Borrower Defense Claims | Press Release

My Student Loan Truth: Jared’s South University Story | Blog

When the Dream Center chain collapsed, thousands of students were left stranded and scammed of education. Jared Russell was one of them.

Student Advocates Announce Closed School Discharges for Over 30,000 Student Borrowers | Press Release

Student Defense and the Project on Predatory Student Lending issued statements today responding to the U.S. Department of Education’s confirmation that it had discharged loans for over 30,000 student borrowers under the automatic closed school discharge provision of the 2016 borrower defense rule. The discharges include roughly $95.1 million in relief for approximately 7,700 former students of the predatory for-profit college, ITT Tech.

Former Students of Defunct ITT Tech Receive $95.1 Million Loan Relief | Wall Street Journal

WASHINGTON—The Education Department is providing loan relief to some 7,800 former students of the ITT Technical Institute, with debts totaling $95.1 million being forgiven by the government years after the giant for-profit school chain closed. The department said that it has identified 7,878 former students of ITT Tech as eligible for a program in which loans are discharged automatically within three years of a school closure. Of those borrowers who attended the school, 7,697 had received loan forgiveness as of Jan. 3.

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Defrauded college students will no longer be taxed on their canceled loans | Washington Post

Student loan borrowers whose education debt has been canceled because their college closed or engaged in fraud will no longer face a tax bill, relief that arrives as applications for forgiveness continue to grow. On Wednesday, the Internal Revenue Service issued guidance shielding borrowers from having their discharged federal and private loans treated as taxable income. The measure is effective for education loans canceled on or after Jan. 1, 2016. Anyone affected by the new policy may claim a credit or refund for an overpayment of taxes.

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My Student Loan Truth: Amanda’s Everest Institute Story | Blog

“A lot of people worked hard, graduated at the top of their class, and were still left in this spot. We were cheated. It destroys your faith in the government and in our system of education and I think it’s important to stand up to that.”

DeVos Sued Amid New Evidence About Whether Her Agency Aided For-Profit Operator | U.S. News and World Report

Two student advocacy groups have filed separate lawsuits against Secretary of Education Betsy DeVos, one alleging her Department of Education allowed an operator of for-profit schools to mislead students and sack them with debt they are now unable to repay, and another that accused her of continuing to refuse to discharge the student loan debt of borrowers previously enrolled in for-profit schools that abruptly shuttered.

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Former MA Corinthian Students Sue Betsy DeVos for Refusing Attorney General’s Application to Cancel Their Loans | Press Release

Corinthian students file lawsuit to force the U.S. Department of Education to follow the law, grant the AG’s group discharge and stop illegal collections on fraudulent student loans

My Student Loan Truth: Lyndsie’s Art Institute Story | Blog

Lyndsie attended the Art Institute of California, where she was pressured into signing up for a design program and significant student loans. She soon realized that the school was a “joke” and her degree was worthless.

The Latest Reports on Betsy DeVos Scamming For-Profit College Students | Blog

ITT and Corinthian Borrowers Continue to Fight for Relief as the Department of Education Skirts the Law Every Step of the Way

Project on Predatory Student Lending Statement on Education Department’s Processing of Automatic Closed School Discharges For Former ITT Students | Press Release

The Project on Predatory Student Lending today issued the following statement after the U.S. Department of Education confirmed it has finally begun to process automatic closed school loan discharges for a select group of former students of the predatory for-profit college, ITT Tech.