Student Advocates Announce Closed School Discharges for Over 30,000 Student Borrowers | Press Release
Student Defense and the Project on Predatory Student Lending issued statements today responding to the U.S. Department of Education’s confirmation that it had discharged loans for over 30,000 student borrowers under the automatic closed school discharge provision of the 2016 borrower defense rule. The discharges include roughly $95.1 million in relief for approximately 7,700 former students of the predatory for-profit college, ITT Tech.
Statement From the Project on Predatory Student Lending on Treasury, IRS Expanding Tax Relief for Borrowers with Canceled Student Loans | Press Release
The Treasury and IRS announced that it would provide tax relief for student loan borrowers who have had their loans discharged as a result of their school’s fraud and misconduct.
Statement From The Project on Predatory Student Lending On Senator Warren’s Plan For Student Debt Cancellation | Press Release
Senator Elizabeth Warren announced her plan to “cancel student debt on day one” of a Warren presidency, citing a Project on Predatory Student Lending legal analysis which outlines the President’s legal authority to direct the Secretary of Education to cancel student loan debt.
Students Seek More Sanctions Against Secretary DeVos Following Disclosure of Tripled Illegal Loan Collections | Press Release
BOSTON– Former Corinthian Colleges students are asking a court to increase the monetary penalty against the Department of Education in light of the Department’s disclosure that it collected from nearly triple the 16,000 students it originally disclosed, and that originally got it held in contempt and fined $100,000. The Department’s latest report, along with additional…
STATEMENT: “This hearing has made clear once again that Secretary DeVos won’t let the law get in the way of her agenda against students” | Press Release
Secretary DeVos made her point very clear in today’s hearing: she does not believe that cheated borrowers are legally entitled to relief.
Breaking: Secretary DeVos Denies Students’ Rights to Full Debt Cancellation | Press Release
Education Secretary Betsy DeVos announced that she will deny full student loan cancellation to student borrowers who were cheated by their colleges and applied to have their federal loans cancelled.
New Data Reveals DeVos Illegally Collected From Additional 17,258 Corinthian Students | Press Release
U.S. Secretary of Education Betsy DeVos revealed that an additional 17,258 student borrowers were illegally collected upon by her Department in direct violation of a court order, more than quadruple the number she had previously disclosed in October.
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.
Project on Predatory Student Lending’s Toby Merrill Named to TIME 100 Next | Press Release
TIME named Toby Merrill, founder and Director of the Project on Predatory Student Lending, to the first-ever TIME 100 Next, a new expansion of the TIME 100 list of the most influential people in the world. The list highlights 100 rising stars who are shaping the future of business, entertainment, sports, politics, health, science and activism, and more.
DeVos Held In Contempt For Illegal Collection of Student Debts | Press Release
U.S. Secretary of Education Betsy DeVos has been held in civil contempt and sanctioned for her illegal collection of student loan debts, a federal judge ruled today.