News

Featured News

Press Releases
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

Judge Rejects DeVos’s Halt of Rule to Help Defrauded Students | New York Times

A federal judge will rule Friday on how to address an improper decision by Education Secretary Betsy DeVos to freeze a plan to help student loan borrowers who were cheated by their schools. A new Education Department rule would have sped up and expanded a system for erasing the federal loan debts of students at schools that broke state laws and misled their attendees.

Read More

Federal Court Rules Against DeVos in For-Profit Fraud Case | Associated Press

A federal court has ruled that it was “arbitrary and capricious” for Education Secretary Betsy DeVos to delay an Obama-era rule meant to protect students swindled by for-profit colleges. The decision is a significant blow to the Trump administration’s attempt to ease regulations for the industry.

Read More

Student Borrowers And Advocates Win Court Case Against DeVos | NPR

A federal judge has ruled that Education Secretary Betsy DeVos’ delay of a key student borrower protection rule was improper and unlawful. “This is such an important win for student borrowers and anyone who cares about a government that operates under the rule of law,” says Toby Merrill, of Harvard Law School’s Project On Predatory Student Lending.

Read More

Judge Strikes Down DeVos Attempt to Weaken Rule for Scammed Student Loan Borrowers | MarketWatch

The efforts by Betsy DeVos’s Department of Education to stymie an Obama-era rule surrounding for-profit colleges just hit a major roadblock. A district court judge ruled Wednesday evening that the multiple attempts by the Department to delay the regulation, known as the borrower defense rule, don’t have basis in law.

Read More

Judge rules that DeVos delay of Obama-era student loan rules is ‘unlawful’ | Politico Pro

A federal judge today ruled that Education Secretary Betsy DeVos’ various delays of Obama-era regulations governing loan forgiveness for defrauded borrowers were illegal.

Read More

These For-Profit College Students Hope for Debt Relief as a Debate About Their Loans Rages in Washington | MarketWatch

Seth Pontiff has been waiting for three years to hear whether the $80,000 in loans he took out attending ITT Technical Institute — a for-profit college that closed in 2016 amid allegations of false advertising — will be discharged by the government.

Read More

DeVos Proposes to Curtail Debt Relief for Defrauded Students | New York Times

Education Secretary Betsy DeVos proposed on Wednesday to curtail Obama administration loan forgiveness rules for students defrauded by for-profit colleges, requiring that student borrowers show they have fallen into hopeless financial straits or prove that their colleges knowingly deceived them.

Read More

SEC’s $300,000 ITT Settlement Leaves Trail of Questions | Indianapolis Business Journal

The Securities and Exchange Commission came at ITT Educational Services Inc.’s two top executives with guns blazing three years ago, declaring that CEO Kevin Modany and Chief Financial Officer Daniel Fitzpatrick “engineered a campaign of deception and half-truths.”

Read More

Students Cry for Debt Relief After For-Profit College Collapse, While Executives Admit No Wrongdoing | Market Watch

As a young high school graduate, Joseph Schettler had dreams of working for the FBI or becoming a forensic psychologist. He took steps to make those dreams a reality. Schettler became the first person in his family to go to college, enrolling in the criminal justice program at ITT Tech in 2006 with assurances from the school that he would surely get a job in his field.

Read More

ITT Execs Offered ‘Sweetheart Deal’ | Politico

That’s how lawyers representing defrauded ITT students are describing the settlement reached late last week between the Securities Exchange Commission and two former senior executives of ITT Educational Services Inc., the company behind a troubled for-profit college that shuttered in 2016.

Read More