Landmark Borrower Defense Settlement to Cancel Over $6 Billion in Student Loans for 200,000 Borrowers | Release
Student borrowers filed a joint motion for approval of a settlement with the US Department of Education in the class action lawsuit Sweet v. Cardona.
Former Corinthian Students Claim Victory at the Department of Education’s Debt Cancellation Announcement | Press Release
Today, the Department of Education announced that it will cancel all federal student loans from Corinthian Colleges, the chain of for-profit colleges known for scamming and defrauding borrowers.
Statement On Navient Settlement Cancelling $1.85 Billion in Predatory Student Debt | Press Release
Today, Massachusetts Attorney General Maura Healey, joined by a coalition of 38 attorneys general, announced a settlement with private student loan lender Navient. Under the settlement, Navient will provide relief totaling $1.85 billion to resolve allegations of widespread unfair and deceptive student loan servicing practices and abuses in originating predatory student loans.
Congress Urged To Stop Propping Up Fraudulent For-Profit Colleges With Federal Pell Grants | Press Release
As part of President Biden’s Build Back Better framework, Democrats in Congress have proposed restricting for-profit colleges from receiving federal funds in the form of Pell Grant awards, a student aid program for those with significant financial need. “Congress should no longer prop this fraudulent industry up with taxpayer funds…that are supposed to help the lowest income students.”
Statement on Education Department Rescinding Partial Relief Policy | Press Release
Today, the Department of Education rescinded its second partial relief policy. Its first was enjoined by a federal court in Calvillo Manriquez v. DeVos. This second policy has been challenged in Pratt v. DeVos. This policy was layered on top of the harmful 2019 borrower defense rules, and its repeal does not affect those rules.
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.
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.
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.