Predatory Schools Keep Trying to Rip Off Students Amid Economic Meltdown, Pandemic | Press Release
A group of for-profit colleges appealed a federal court decision upholding a Dept. of Education rule from 2016 intended to stop schools from forcing defrauded students into secretive, out-of-court arbitrations. Lawyers from Public Citizen and the Project representing for-profit college students in the case are condemning the move.
Statement on the COVID-19 Economic Stimulus Package and Student Loan Relief | Press Release
The Senate COVID-19 stimulus bill includes measures intended to ease the burden of student loan debt for borrowers who are suffering during this economic crisis, but doesn’t go far enough, and will fail to help many former for-profit college students struggling with bogus debt.
Statement on Senate Plan To Cancel Student Loan Payments During Coronavirus Emergency And Provide Minimum $10K Payoff For All Federal Student Loan Borrowers | Press Release
The Project praises Senate Democrats’ new plan to cancel student loan payments for the duration of the COVID-19 Emergency and their proposal to provide a minimum $10,000 payoff for all federal student loan borrowers.
Statement on the Economic Stimulus Package and the Imperative to Cancel For-Profit College Student Debt | Press Release
As the government considers measures to mitigate the extreme financial burden COVID-19 has placed on citizens across the country, the Project on Predatory Student Lending urges Congress and the Department of Education to activate their authority and cancel all for-profit college debt immediately.
Project Calls on Congress, Department of Ed to Relieve Student Loan Debt in Light of COVID-19 | Press Release
In response to the COVID-19 crisis and its severe economic impact on American families across the nation, the Project on Predatory Student Lending calls on Congress and the Department of Education to use their authority to cancel all student loan debt, and to act immediately to stop tax refund offset and wage garnishment, and to put loans in interest-free forbearance.
Congress Rejects DeVos’ Borrower Defense Rollback | Press Release
In a rare bipartisan vote, the Senate rebuked Secretary DeVos by voting to overturn the 2019 borrower defense rule. This resolution would leave the 2016 borrower defense rule in place and prohibit the Department from attempting to make new borrower defense regulations.
Student Advocates Challenge DeVos’ Borrower Defense Rule | Press Release
Student advocates filed suit today to invalidate the U.S. Department of Education’s new borrower defense rules, which reverse vital protections from predatory schools and impose onerous standards and procedural hurdles for defrauded students seeking to assert their legal rights to cancel loans.
Education Department Must Stop Funding For-Profit Colleges That Force Students to Arbitrate
Following a Friday court decision upholding U.S. Department of Education rules intended to stop schools from forcing defrauded students into secretive out-of-court arbitrations, lawyers representing for-profit college students are urging the department to follow that rule and cut off funding of for-profit colleges that violate it.
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.