The U.S. Department of Education (Department) announced it will discharge all remaining federal student loans borrowed to attend any campus owned or operated by Corinthian Colleges Inc. (Corinthian) from its founding in 1995 through its closure in April 2015. This will result in 560,000 borrowers receiving $5.8 billion in full loan discharges. This includes borrowers …
Before you get all excited, this only applies to students in Massachusetts. The Predatory Student Lending project that is part of the Legal Services Center of Harvard Law School released the following press release on this update. Today, a federal judge ordered the Department of Education to cancel the student loans of all 7,200 former …
I admit there is nothing in this world that represents true justice or fairness. No matter what side you are on, not everyone is going to be happy with any resolution. But this Borrower Defense to Repayment program has been a total mess. Students who were defrauded by their schools were entitled to have only …
The next installment of the 2017 lawsuit against the Department of Education played out recently. The issue surrounds students who went to a Corinthian College that was supposed to forgive all the federal student loan debt of students who were the victims of education fraud. Yesterday U.S. Magistrate Judge Sallie Kim who is hearing the …
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 …
You remember that great scene from the movie Dr. Strangelove. U.S. President Muffley (played by Peter Sellers) worries about the consequences of nuclear war with Russia. “You’re talking about mass murder,” President Muffley muses. But General Turgidson (played by George C. Scott) is not concerned. “I’m not saying we wouldn’t get our hair mussed. But …
North Carolina Attorney General Josh Stein recently criticized the U.S. Department of Education (Department) and Secretary of Education Betsy DeVos for putting the interests of predatory for-profit schools ahead of the students she is sworn to protect. Secretary DeVos has proposed changes to the Department’s borrower defense protections that, if adopted, would make it more …
This week, Betsy DeVos, President Trump’s lamentable Secretary of Education, proposed new rules for implementing the Department of Education’s Borrower Defense to Repayment Program. The new rules–433 pages long–outline the DeVos regime’s procedures for processing fraud claims filed by students who took out federal loans to attend for-profit colleges and were swindled. The New York …
The Department of Education put a hold on forgiving federal student loans for students who were victims of fraud by the schools that enrolled them. Under the Obama administration, the program would suspend collections activity while claims were being investigated and total forgiveness was a possible outcome. Under the Trump administration claims were not approved …
While the Department of Education seems to be marching backward to assist students defrauded by Corinthian Colleges schools the State of California has won forgiveness on private student loan debt for 35,000 students held by Balboa Student Loan Trust. “Thousands of defrauded Corinthian students will receive a letter in the mail informing them that their …