News

Featured News

Coverage
New York Times

The $1.7 Billion Student Loan Deal That Was Too Good to Be True | New York Times

Coverage
Washington Post

DeVry, ITT Tech students among thousands of defrauded borrowers to receive $415 million in loan cancellation | Washington Post

Press Releases
Project on Predatory Student Lending

New Report Details Massive Scale of Fraud and Abuse at Notorious For-Profit College ITT Tech | Press Release

New Report Details Massive Scale of Fraud and Abuse at Notorious For-Profit College ITT Tech | Press Release

The Project on Predatory Student Lending today released a new report detailing the massive scale of fraud and abuse by the defunct for-profit college ITT Tech. The report, “Dreams Destroyed: How ITT Technical Institute Defrauded a Generation of Students” was made public and sent today to Education Secretary Miguel Cardona. It presents the largest volume of evidence compiled on ITT, including thousands of ITT’s own internal records. The documents unequivocally show that ITT was not a legitimate educational institution: it systematically and brazenly lied to students in order to profit from their federal financial aid.

Could student loan payments be frozen until 2023? ‘Anything is possible,’ experts say | Fortune Education

Payments on federal student loans have been on pause for nearly two years to give borrowers a financial break during the pandemic. After several extensions, though, borrowers will be on the hook to start making payments again in less than 100 days.

Read More

Myrna Figueroa’s NegReg Comments | Blog

The following is a transcript from the Department of Education’s Negotiated Rulemaking session on January 18, 2022. During the public comment period, students are encouraged to share their comments on their experiences. Here is Myrna’s story.

Statement On Navient Settlement Cancelling $1.85 Billion in Predatory Student Debt | Press Release

Today, Massachusetts Attorney General Maura Healey, joined by a coalition of 38 attorneys general, announced a settlement with private student loan lender Navient. Under the settlement, Navient will provide relief totaling $1.85 billion to resolve allegations of widespread unfair and deceptive student loan servicing practices and abuses in originating predatory student loans.

Navient Reaches a Deal to Cancel $1.7 Billion in Student Loan Debts | NPR

The loan servicing giant Navient has agreed to cancel $1.7 billion in student loan debts owed by roughly 66,000 borrowers, as part of a settlement announced Thursday with 39 state attorneys general. The settlement ends a years-long legal fight with states in which Navient faced two serious allegations. First, the company was accused of steering student borrowers into expensive forbearances instead of more flexible, income-driven repayment plans.

Read More

Judge Critical of Biden Administration’s Progress on Student Debt Relief Claims | Washington Post

A federal judge is criticizing the Biden administration for not moving quickly enough to resolve claims from defrauded student loan borrowers who sued over Trump-era policies that denied them debt relief. Education Secretary Miguel Cardona has been chipping away at the mountain of debt relief claims, approving $1.5 billion in discharges for 92,000 borrowers to date. But scores of applications remain.

Read More

Statement on Extension of Student Loan Payment Pause

President Biden today announced a 90 day extension of the pause on federal student loan repayment, which will now continue through May 1, 2022, rather than ending on February 1, 2022. The announcement cites ongoing concerns with the pandemic and economic recovery.

Year in Review: 2021 Brings Big Wins and New Battles for Defrauded Borrowers | Blog

2021 ushered in a new Presidential administration and promises of long-awaited justice for defrauded borrowers. We are thrilled to share our clients’ hard-fought victories of loan cancellation, yet the fight is not over for tens of thousands of clients still waiting. Their voices are more powerful than ever. At every opportunity, our clients have continued to show up to raise awareness and to hold the Department accountable to their rights under the law. One thing was made consistently clear throughout the year: borrowers will not stop fighting for the relief and justice they and others are owed. And we’re right there with them.

Project files brief in support of challenge to repeal of gainful employment rule | Press Release

“By leaving the repeal of this rule in effect, the Department of Education is leaving the door open for scammers to continue misleading students and enrolling them in failing programs.”   BOSTON – Today, the Project on Predatory Student Lending filed a brief in support of the Plaintiffs’ position in American Federation of Teachers, et…

Student Borrowers Harmed by Dept. of Education’s Unlawful Partial Relief Scheme Drop Lawsuit After Dept. Abandons Policy | Press Release

Student borrowers in the class action lawsuit Pratt v. Cardona (previously Pratt v. DeVos) today moved to voluntarily dismiss the lawsuit, after the U.S. Department of Education agreed in March 2021 to end the previous administration’s unlawful partial relief policy for adjudicating borrower defense applications. T