Update | ITT Trustee, CFPB, and States Settle with Private Lender to Eliminate Millions in Debt
Settlements Do More for Cheated ITT Students Than DeVos As Betsy DeVos and the Department of Education continue to sit idly, indifferent to massive fraud committed by ITT against more than 750,000 former students, the CFPB and a group of 43 states and the District of Columbia filed proposed settlements with one of ITT’s private…
Update | Project on Predatory Student Lending Director Toby Merrill Honored By American Constitution Society
Project on Predatory Student Lending Director and founder Toby Merrill was honored as a finalist for the prestigious David Carliner Public Interest Award by the American Constitution Society.
Update | In the Fight for Student Loan Relief
For years, Corinthian Colleges, a network of over one hundred for-profit schools, defrauded students to rake in profits from taxpayer-funded federal student aid. Tens of thousands of students—many the first in their families to seek out higher education—were promised serious career training and job prospects, but left Corinthian’s campuses with little more than thousands of dollars in debt.
My Student Loan Truth: Wilfredo’s Art Institute Story
Wilfredo Morales attended the Art Institute of York in Alabama, which promised him a degree and a job in graphic design. Instead, the school convinced Wilfredo AND his mother to take out massive student loans, and failed to deliver an education.
Update | Mayor Pete Answers My Question About Predatory For-Profit Colleges
Last Saturday, I went to a town hall in New Hampshire hoping for the opportunity to ask Pete Buttigieg one question: Would he encourage his education department to cancel federal student debt from predatory for-profit colleges?
Update | The Department of Education Is Still Trying to Take Students’ Tax Returns
For years, the Department of Education has acted more like a collection agency than an agency operated for the benefit of students.
My Student Loan Truth: Kristina’s Virginia College Story
In our Student Loan Truth blog series, our clients share what they really got from their for-profit college and how the debt affected them. Their experiences demand a public reckoning on student debt and an end to the predatory practices of for-profit colleges. This is Kristina’s student loan truth. “I was focused. I had…
Update | ITT Bankruptcy Settlement Does More for Cheated Students Than DeVos
When the final order of the ITT bankruptcy settlement became effective this month, the court approved cancellation of every dollar of student debt held by the for-profit college and allowed the students’ $1.5 billion claim as unsecured creditors.
Update | Despite Court Order in its Favor, the Project on Predatory Student Lending Continues to Wait for DOJ to Produce Documents
Nearly three years after submitting its original Freedom of Information Act (“FOIA”) request, the Project on Predatory Student Lending is still waiting for the Department of Justice (“DOJ”) to fulfill its legal obligations to produce documents that Education Management Corporation produced to it in a federal whistleblower lawsuit.
Update | Higher Education is Failing Students of Color, but Congress Can Help
The harsh reality is that the burdens of student debt are not shared equally. Students of color borrow more on average than other students seeking the same degree, and are two to three times more likely to default than their white counterparts.