Press Releases

Statement On Senator Warren’s Plan For Student Debt Cancellation

BOSTON – On Monday, Senator Elizabeth Warren announced her plan for “universal free public college and cancellation of student loan debt.”   The following is a statement from Toby Merrill, Director of the Project on Predatory Student Lending. “Senator Warren’s plan to eliminate the debts of millions of former students is the right path for America and we…

“Now is a Time for More Scrutiny, Not Less” | Press Release

It’s important to remember that the Department did not choose to implement the critical Borrower Defense protections; these actions are required as a result of students’ court victory in the Bauer case.

Corinthian Executives Get Slap On the Wrist With SEC Fines | Press Release

The SEC has filed and settled claims against former executives of Corinthian Colleges. Meanwhile, nearly four years after Corinthian Colleges shut down, thousands of former students continue to struggle with massive sums of fraudulent debts from the college.

Department of Education Appeals Court Ruling in Attempt to Deny Debt Cancellation to Cheated Corinthian Students | Press Release

Thousands of former Corinthian students are eligible for debt cancellation. With its latest appeal, the Department of Education continues to resist doing the right thing.

Department of Education’s Plan to Redo Rule that Protects Students Harmed by Illegal School Conduct Falls Short | Press Release

Boston – Today, the Department of Education (Department) announced during its Negotiated Rulemaking session that it intends to redo its July 2018 proposal to revise the borrower defense rule, but indicated it will do so without complying with the statutory requirement to conduct a formal rulemaking proceeding and convene a committee of stakeholders. The borrower…

Statement on Department of Education’s Cancellation of $150 Million in Debt from Closed For-Profit Colleges

The following is a statement from Toby Merrill, Director of the Project on Predatory Student Lending, on the Department of Education’s decision to cancel $150 million in loans of former students of closed for-profit colleges. “The Department of Education illegally delayed implementation of the 2016 borrower defense rule, but because our clients in Bauer v. DeVos were…

Students Secure More Than $500 Million In ITT Student Debt Relief As Part of Landmark Settlement Approved Today | Press Release

In a major victory for ITT students, a federal judge has approved a settlement confirming that 750,000 former students were cheated by the company and cancelling every dollar of student debt held by the for-profit-school.

Project on Predatory Student Lending and Southern Poverty Law Center Assert Voice of Students in Education Corporation of America’s Dispute with Department of Education | Press Release

The Project on Predatory Student Lending and the Southern Poverty Law Center have asked to weigh in on a dispute between Education Corporation of America, owner of several struggling for-profit college chains including Virginia College and Brightwood College, and the Department of Education.

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.

Court Ruling Clears The Way For 2016 Borrower Defense Rule To Take Effect | Press Release

Students have succeeded in pushing back against efforts by the Department of Education and the for-profit college industry to halt the 2016 borrower defense rule—a set of regulations intended to protect student loan borrowers from predatory schools.