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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

Major For-Profit School Chain Closes, Leaving Tens of Thousands of Students Scrambling | The Hill

Thousands of students are reportedly left scrambling after Education Corp. of America (ECA), one of the country’s largest for-profit college chains, announced Wednesday that it would be abruptly closing more than 70 campuses across the United States.

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Students Stunned After Major For-Profit College Chain Closes: ‘They’re Taking Our Dreams Away’ | NBC News

Jasmin Cantú, a student at Brightwood College in Texas, said she was in the middle of taking a medical assistant certification exam Wednesday when a school official came into the classroom in tears, delivering a message Cantú never thought she would hear. The school was shutting down and the last day of classes would be Friday, she said.

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Trump Administration Stymies Release of Salary, Loan Debt Data From Certain Colleges, Advocates Say | CNBC

At a recent conference on financial aid, Education Secretary Betsy DeVos said that every school should help its students graduate with high-quality career prospects and little debt. Students should be equipped, she added, with information that allows them to be responsible consumers.

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Major For-Profit College Chain Collapses, Leaving Students Scrambling | MarketWatch

A major for-profit college chain shut down Wednesday, leaving roughly 20,000 students scrambling to figure out their next steps. Education Corporation of America, the parent company of schools like Virginia College and Brightwood Career Institute, closed its doors after several months of financial turmoil due in large part to declining enrollment.

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Major For-Profit College Chain Abruptly Announces Closure of Dozens of Schools | Associated Press

One of the nation’s largest for-profit college chains announced Wednesday that it was abruptly closing in dozens of locations nationwide, after its accrediting agency suspended approval. Birmingham, Alabama-based Education Corp. of America said it was closing schools operating as Virginia College, Brightwood College, Brightwood Career Institute, Ecotech Institute and Golf Academy of America in more than 70 locations in 21 states.

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For-Profit College Closes Operations, Surprising Students | Associated Press

One of the nation’s largest for-profit college chains announced Wednesday that it was abruptly closing in dozens of locations nationwide, after its accrediting agency suspended approval. Birmingham, Alabama-based Education Corp. of America said it was closing schools operating as Virginia College, Brightwood College, Brightwood Career Institute, Ecotech Institute and Golf Academy of America in more than 70 locations in 21 states.

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Borrowers Face Hazy Path as Program to Forgive Student Loans Stalls Under Betsy DeVos | New York Times

The students attended institutions with pragmatic names like the Minnesota School of Business and others whose branding evoked ivy-draped buildings and leafy quads, like Corinthian Colleges. Tens of thousands of them say they are alike in one respect: They were victims of fraud, left with useless degrees and crushing debts.

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What Defrauded Student Loan Borrowers Need to Know | U.S. News & World Report

Defrauded student loan borrowers will see some relief, thanks to an Obama-era rule a federal judge ordered immediately implemented Tuesday. The 2016 borrower defense rule outlines a way for student borrowers to apply for loan forgiveness if they were defrauded or misled by their college.

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Betsy DeVos Loses Major Battle Over Obama’s Student Loan Protections | Salon

Donald Trump’s education secretary, Betsy DeVos, just lost a major court battle over consumer protections for Americans who take out student loans. U.S. District Judge Randolph Moss decided against the request from a group representing for-profit colleges to end regulations that help defrauded students receive federal loan forgiveness and forbid colleges from requiring students to go to arbitration to resolve complaints instead of taking matters to court, according to Politico.

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Student Vets Win Too as Court Unchains Obama Loan Protection | Stars and Stripes

Hundreds, perhaps thousands, of student veterans, despite having robust GI Bill education benefits, contend they were deceived into racking up federal loan debt through abusive practices of certain for-profit colleges. On Tuesday these students, along with thousands of non-veterans, gained an easier path to loan forgiveness from a federal court ruling in Washington, D.C.

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