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.”
Advocates and Borrowers Raise Significant Concerns as ED Declines to Name For-Profit College Borrowers to Rulemaking Committee on Borrower Defense | Press Release
The Project on Predatory Student Lending today raised significant concerns that the U.S. Department of Education has failed to select any former for-profit college borrowers for its negotiated rulemaking committee, including rejecting a nominee with the support of more than 1,200 former for-profit college students – the very people who have been most significantly harmed by the broken borrower defense process.
Florida For-Profit Colleges Sued for Selling Predatory Product and Targeting Black Students | Press Release
A class action was filed against Florida-based for-profit college chain, Florida Career College (FCC), for selling a predatory product using false representations and high-pressure sales tactics that leave students in mountains of debt they cannot repay and systematically targeting Black students.
“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.