Subscribe to our mailing list

X

DeVos Seems to Do Right Thing After Being Shoved and Cancels $150M in Student Loan Debt

By on December 14, 2018

The Trump Department of Education has been the enemy of student loan debtors and often, common sense.

Secretary of Education Betsy DeVos recently gave the nod to finally forgiven $150 million in student loan debts, but only after being pushed by the court to do so. She was unwilling to do the right thing on her own.

These student loans were the result of closed school discharges from Corinthian Colleges and other chains that shut down under the Obama administration. Other schools where students may have federal student loan debt forgiven were schools that closed between November 1, 2013 and December 4, 2018.

Apparently, some of the loans to be forgiven will be Parent PLUS loans at those closed schools.

According to Politico, “The loan cancellations also come after a California consumer advocacy group sued DeVos in November for failing to automatically cancel the federal loans of students under the 2016 “borrower defense” rules.

Sen. Patty Murray, the top Democrat on the Senate Education Committee, said she was “pleased” the department moved to discharge the loans but called on the Trump administration to go further.

“This is a good first step, but it’s not good enough,” Murray (D-Wash.) said in a statement, adding that DeVos should “abandon her attempts to rewrite the borrower defense rule to let for-profit colleges off the hook and instead fully implement the current rule and provide relief to more than 100,000 borrowers who were cheated out of their education and savings.”

It’s hard for me to applaud the Department of Education for following the law. Hard to believe they had to be pushed to do it.

READ  Regency Beauty Institute Closes Doors Abruptly - What Now Students

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s Privacy Policy and Terms of Use and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Share a Comment / Leave a Reply

%d bloggers like this: