All Remaining Corinthian Federal Student Loans Are Cancelled

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 … Read more

Judge Orders Corinthian Colleges Student Loans to be Canceled

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 … Read more

Department of Education Goes Insane When it Comes to Dealing With Defrauded Student Loan Borrowers

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 … Read more

Yes, It’s True, the Department of Education Can’t Stop Garnishing People That Don’t Owe Money

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 … Read more

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

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 … Read more

Department of Education’s New Report on Student-Loan Casualties: A Dr. Strangelove Moment

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 … Read more

NC AG Says Dept of Education Secretary DeVos Puts Predatory For-Profit Schools Ahead of Defrauded Students With Proposed Borrower Defense Regulations

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 … Read more

Betsy DeVos, the for-profit college industry’s best pal, rolls back regulatory protections for students who were defrauded by for-profit colleges

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 … Read more

A Deep Dive Into the Debtor Blaming 2018 Borrower Defense to Repayment Regulations

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 … Read more

California Wins Forgiveness of Corinthian Colleges’ Private Student Loan Debt

Interest rate negotiation can result in a lower interest rate than you are paying now.

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 … Read more

What a Mess. Department of Education and Court Create Corinthian Colleges Purgatory of Fraud

The U.S. Department of Education reversed the Obama era policy of granting total federal student loan forgiveness for those who had been defrauded by their colleges. The move by Secretary of Education Devos made no sense even when they pushed their new partial forgiveness program by saying Improved Borrower Defense Discharge Process Will Aid Defrauded … Read more

Department of Education Shocked Corinthian College Students Believed Them

The Department of Education recently changed their position in forgiving federal student loans that students of Corinthian Colleges several schools were burdened with after the schools were found guilty of misleading students and deceit. Leap back to February 2015 when the Consumer Financial Protection Bureau and Department of Education announced student loan forgiveness for borrowers … Read more

37,000 Corinthian Student Loan Borrowers Get Screwed Under New Plan

Great article out by Bloomberg Government really covers how badly former Corinthian College students are getting screwed by the current Department of Education Trump administration. “Other students who attended Everest and other schools owned by Corinthian College Inc. got a full discharge under the Obama administration. But the Trump administration has crafted a formula that … Read more

Can Corinthian College Student Get Screwed Over Even More? Yes They Can.

In this previous post I talked about the new Department of Education policy to no longer issue full forgiveness on student loans for students which had been clearly screwed over. In their unbridled dystopian view of how to handle victims, the Department of Education decided only partial forgiveness may be available for students who attended … Read more

Betsy DeVos is Trying to Nullify a Federal Law Intended to Give Defrauded Students Relief From Student Loans: Our Government is Shielding Crooks

Betsy DeVos is in bed with the corrupt for-profit college industry. Her slavish pandering to the for-profit-college racketeers is truly shocking. Now she is trying to nullify a law that gives relief to students who were defrauded by for-profit colleges. In 1994, Congress passed a law giving students an avenue for getting their student loans … Read more