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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.

Project on Predatory Student Lending Launches #CancelCorinthian Campaign | Press Release

Thousands of former Corinthian students are eligible for debt cancellation. Attorneys General, Senators, and others are urging the Department of Education to cancel all Corinthian Debt once and for all.

Statement About Report That Department Of Education Will Miss Key Deadline On Borrower Defense | Press Release

In a report by Bloomberg last night and a subsequent court filing, the Department of Education confirmed that it will miss a key November 1 deadline to publish final borrower defense and gainful employment regulations.

Statement About Court Decision on Illegal Borrower Defense Delays | Press Release

In another victory for student borrowers, a federal judge late Monday vacated the Department of Education’s delays of the 2016 borrower defense rule that included critical protections for student borrowers. The ruling follows last Wednesday’s decision that the Department’s delays were illegal, and Friday’s hearing on how the Department should proceed.

Statement Following Court Hearing On Borrower Defense Delays | Press Release

JAMAICA PLAIN – In a major victory for student borrowers this week, a federal judge ruled on Wednesday that the Department of Education acted illegally in delaying the 2016 borrower defense rule that incorporated critical protections for student borrowers. A hearing was held today to consider next steps. The judge has taken the issue under advisement with…

Court Agrees That Trump’s Education Department Unlawfully Delayed a Rule That Protects Students From Predatory Schools | Press Release

WASHINGTON, D.C. – The U.S. Department of Education broke the law when it delayed a rule designed to protect students defrauded by predatory for-profit colleges and career training programs, a federal district court judge ruled late Wednesday.