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Project on Predatory Student Lending

ITT Student Files New Lawsuit Against Navient for Private Student Debt Cancellation | Press Release

Harvard Magazine

“Attacking the Concept of Debt” | Harvard Magazine


Update | Borrowers Raise Concern over Borrower Defense Denials

Education Department Erroneously Collected Additional Corinthian College Loans | Politico

In October, after the Trump administration initially said it erroneously collected on the loans of some 16,000 Corinthian borrowers, a federal judge held DeVos in contempt of court and imposed a $100,000 fine for violating an order to stop collecting on student loans from the defunct for-profit college. Now, according to the department, that means a total of 45,801 borrowers “were erroneously taken out of forbearance or stopped collections status.” That includes the roughly 29,000 newly identified borrowers, plus the original 16,034 borrowers. “FSA has now placed all 45,801 borrowers in the correct status,” the government’s court filing said.

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Trump Administration Reveals That Far More Corinthian Colleges Students Faced Debt Collection in Violation of a Court Order | Washington Post

The Education Department revealed in a court filing this week that it identified an additional 29,000 former Corinthian Colleges students who were pursued for federal student loan payments despite a court order barring collection.

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Over 45,000 Students Forced to Repay Loans by Mistake, DeVos Says | Courthouse News Service

U.S. Education Secretary Betsy DeVos forced more than 45,000 defrauded students to repay loans in violation of a court order – far more than the 16,000 originally estimated, the department revealed in a court filing Tuesday.

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Education Department Doubles Number of Loans it Improperly Collected On | US News and World Report

In a monthly compliance report dated Dec. 1, department officials disclosed that a glitch in the agency’s monitoring system resulted in a major undercount of the number of borrowers who were incorrectly collected on, either in the form of traditional payments or wage and tax refund garnishments.

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Project Praises Senator Durbin’s Proposal to Overturn Secretary DeVos’ Borrower Defense Rule| Press Release

Senator Dick Durbin criticized Department of Education Secretary Betsy DeVos’ rewritten borrower defense rule and urged his Senate colleagues to support his Congressional Review Act (CRA) resolution of disapproval when it comes to the Senate floor for a vote.

Devos Refuses To Forgive Student Debt For Those Defrauded By For-Profit Colleges | NPR

Education Secretary Betsy DeVos is in a standoff with Democrats over why she is refusing to forgive the debts of tens of thousands of borrowers who say they were defrauded by for-profit colleges.

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Rising Debt and Fewer Regulations are Leaving Students Vulnerable to Predatory Colleges | NBC

Theresa Sweet’s parents gave her a 35-millimeter camera when she was in the third grade. She fondly recalls saving her allowance to develop film as she became the family photographer. It was a gift that would change her life forever, setting her on a path into the world of for-profit colleges.

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Trump Admin Backtracks on Bid to Stop $100K Fine | Politico

The Trump administration is withdrawing its request that a federal judge reconsider the $100,000 fine she imposed for violating a court order on student loan collection. The administration says it can’t yet be sure whether it’s in “full compliance” with that order.

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Trump Nominee Worked on Illegal Plan to Deny Help to Scam Victims | MSNBC

Rachel Maddow reports on a memo that shows that controversial Donald Trump judicial nominee Steven Menashi helped craft an illegal plan to deny debt relief to victims of a scammy for-profit college.

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Appeals Court Nominee Shaped DeVos’s Illegal Loan Forgiveness Effort | New York Times

A judicial nominee slated for a key Senate committee vote on Thursday helped devise an illegal Education Department effort to use private Social Security data to deny debt relief to thousands of students cheated by their for-profit colleges, according to a memo obtained by The New York Times.

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