Biden Administration Can Cancel Student Debt On Day One | Press Release
As President-elect Joe Biden and Vice President-Elect Kamala Harris begin their transition to taking office in January, the Project on Predatory Student Lending is restating the President’s authority to cancel student loan debt for millions of students and families across the country. This action does not require Congress’s approval and can be taken on day one of taking office.
Statement on Senate Resolution to Cancel Student Debt | Press Release
Senate minority leader Chuck Schumer and Senator Elizabeth Warren proposed a Resolution calling on the President to cancel up to $50,000 in federal student loan debt for 43 million Americans. The Senators cite 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.
Congress Fails To Override Trump’s Veto on Secretary DeVos’ Devastating New Borrower Defense Rule | Press Release
U.S. House of Representatives failed to override President Trump’s veto of bipartisan legislation that would overturn the devasting DeVos borrower defense rule. The rule eliminates vital protections for student borrowers and imposes nearly impossible standards for students defrauded by predatory schools to assert their rights to loan cancellation.
“COVID College Cons” Series Exposes Predatory For-Profit Colleges Targeting Students During COVID-19 Crisis | Press Release
A new series of articles called “COVID College Cons” launched by Republic Report and the Project on Predatory Student Lending to expose the predatory tactics that for-profit colleges are using right now to scam students in the midst of an economic and public health crisis. The purpose of this series is to warn the public about the schemes and help protect them from fraud.
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.