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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

ITT Tech Students Score Victory in Bankruptcy Settlement | Washington Post

As creditors of ITT Educational Services fight over the remaining assets of the defunct for-profit college operator, one group has secured a significant victory in the bankruptcy proceedings: former students. On Wednesday, a federal judge gave final approval to a settlement that will erase nearly $600 million that 750,000 students owed ITT Technical Institute. The agreement, which was first announced in January, will also refund $3 million that students paid the for-profit chain.

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Update | Judge Declares Department of Education’s Seizure of Corinthian Colleges Borrowers’ Tax Refunds Illegal

A federal judge ruled this week that the Department of Education illegally took the tax refunds of two former Corinthian College students to pay their student loans, without addressing the assertion that these loans are fraudulent and unenforceable. Now, the Department may not take their tax refunds unless and until it makes a reasoned decision…

Judge Declares Department of Education’s Seizure of Corinthian Colleges Borrowers’ Tax Refunds Illegal | Press Release

A federal judge ruled that the Department of Education illegally took the tax refunds of two former Corinthian College students to pay their student loans, without addressing the assertion that these loans are fraudulent and unenforceable. Now, the Department may not take their tax refunds unless and until it makes a reasoned decision about the assertions of fraud.

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.

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For-Profit Schools’ Predatory Practices and Students of Color: A Mission to Enroll Rather than Educate | Harvard Law Review

In a move with significant implications for federal civil rights enforcement, the Department of Education has halted investigations into several large for-profit institutions widely accused of defrauding students. This decision sends an even clearer message that the Department of Education stands on the side of corrupt corporations rather than with students.

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Betsy DeVos Doesn’t Give a Damn About Students, Education or the Cost Thereof | The Root

Can we stop telling the lie that Betsy DeVos has the best interest of this nation’s students at heart? The U.S. Department of Education has devolved into yet another classist system of oppression set up to hold down people of color and low-income families. This latest move by DeVos is proof of that.

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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.

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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.”

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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.

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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.

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