Gainful Employment
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ITT Bankruptcy Shows Why the Department of Education Should be Worried About For-Profit Higher Education Screwing ConsumersThe Department of Education under Betsy DeVos and the Trump administration is seemingly doing everything it can to eliminate consumer protections from schools of higher education that cause consumers to take out loans to attend. Secretary DeVos...
- Posted September 13, 2018
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U.S. Department of Education Proposes Overhaul of Gainful Employment RegulationsWASHINGTON—The U.S. Department of Education today announced a Notice of Proposed Rulemaking (NPRM) that proposes to rescind Gainful Employment (GE) regulations in order to provide useful, transparent higher education data to students and treat all institutions of...
- Posted August 28, 2018
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Would You Pay $90K for an Associates Degree in Web Design?When you ask the average person if paying $90,000 for a two-year degree in an entry level field like web design makes any sense they’d hopefully question the logic of that. But when you add a salesperson...
- Posted July 23, 2018
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Let Me Paraphrase Dept ED OIG to Congress, “WTF?”The Office of Inspector General of the Department of Education was left recently politely scratching their head after reviewing proposed Congressional legislation to roll back protections for students from problematic debt. Congress is currently salivating to make...
- Posted March 7, 2018
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Dept of Ed Puts Fraud First Over Students and Common SenseSecretary of Education Betsy DeVos seems to be waging a terrible war against student loan debtors who have been defrauded by their schools in order to extract federal student loan money. Since the Trump administration took over...
- Posted January 3, 2018
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Jeremy Marcus Looking for Job if You Are InterestedIn response to the request of the court appointed receiver for Jeremy marcus to turn over his luxury BMW, Marcus says he needs it to look for a job. More specifically, court documents say, “Mr. Marcus turned...
- Posted January 2, 2018
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Why Does the Department of Education Hate Student Loan Debtors Just So Much?If I was ever to get into an academic research argument on the role of government, this would be the time. Frankly I’m just getting pissed off by the apparent disregard for student loan debtors by the...
- Posted October 25, 2017
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NC Sues U.S. Department of Education Over Gainful Employment RuleAttorney General Josh Stein yesterday sued the U.S. Department of Education and Secretary Betsy DeVos for refusing to enforce the Gainful Employment Rule, a federal regulation designed to protect students from predatory for-profit schools. “Students are working...
- Posted October 18, 2017
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I Was Told There is No Help for My Private Student Loans if I Filed BankruptcyQuestion: Dear Steve, I owe a small fortune in student debt. I thought it was all “federal” loans, but apparently I took out a lot of “private” Sallie Mae loans as well. That I did not realize...
- Posted October 16, 2017
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U.S. Secretary of Education Backs For-Profit Schools Over Protecting Students Loan DebtorsThere is a big difference between adjusting rules and regulations to help student loan debtors buried in federal government loans find any hope of a better future, and what is happening now at the Department of Education....
- Posted July 11, 2017
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16 Advocacy Groups Urge Congress to Not Allow Department of Education to Roll Back ProtectionsToday sixteen consumer advocacy groups sent the following letter to members of Congress in hopes they would intervene to not allow the Department of Education to roll back or eliminate rules requiring for-profit schools to be responsible...
- Posted March 22, 2017
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Former Lobbyist With For-Profit Colleges Quits Education Departmentby Annie Waldman ProPublica, March 21, 2017, 10:44 a.m. A former lobbyist for an association of for-profit colleges resigned last Friday from the Department of Education, where he had worked for about a month. As ProPublica reported...
- Posted March 21, 2017
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For-Profit Colleges Gain Beachhead in Trump Administration
by Annie Waldman ProPublica, March 14, 2017, 8 a.m. Until June 2016, Taylor Hansen lobbied for the largest trade group of for-profit colleges. At the forefront of its agenda: eliminating a rule known as “gainful employment,” which...
- Posted March 14, 2017
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Trump Department of Education Gives a Holiday to For-Profit SchoolsBack in 2014 the Obama administration attempted to push forward the rule that would have required for-profit colleges to demonstrate the value of the education they were selling or get cut from federal student loan access. This...
- Posted March 8, 2017
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New Analysis Finds Many For-Profits Skirt Federal Funding LimitsNew analysis released today by the U.S. Department of Education reveals many for-profit schools would likely exceed the 90/10 federal funding limits if revenue from Department of Veterans Affairs (VA) and the Department of Defense (DOD) programs...
- Posted January 27, 2017
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The Department of Education’s “Heightened Cash Monitoring” list and its list of programs that failed DOE’s Gainful Employment Rule: Big Trouble Ahead for American Higher EducationAs the Obama administration limps to a close, the U.S. Department of Education issued two lists that should scare the heck out of anyone working in the field of higher education. First, a few days ago, DOE...
- Posted January 13, 2017
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All American Career Institute Federal Student Loan Borrowers to Have Loans Automatically ForgivenThe Department of Education took an unusual step of an automatic forgiveness of all federal student loans under the Borrower Defense to Repayment program. What makes this announcement interesting is that defrauded students do not need to...
- Posted January 13, 2017
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Education Department Releases New Graduate Earnings Data for Career College ProgramsToday, for the first time, the U.S. Department of Education released data showing the typical earnings of graduates of the thousands of career training programs offered by colleges across the country. This release continues the Obama Administration’s...
- Posted November 17, 2016
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FACT SHEET: New Federal Guidance and Resources to Support Completion and Success in Higher Education
“America’s path to progress has long depended on our nation’s colleges and universities – and today, that’s more true than ever, when a college degree is increasingly a ticket to 21st-century careers and a secure middle class...
- Posted November 15, 2016
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Department of Education Finally Release Clarity on Ways Students Can Ditch Fraudulent LoansI will certainly be researching and writing some upcoming articles about the U.S. Department of Education announcement below. But with more than a thousand pages to read and digest I wanted to get this announcement out quickly...
- Posted October 28, 2016
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Did the Culinary Institute of America Defraud Me With Student Loans? – RuthQuestion: Dear Steve, I received assistance from the student financial aid department of the Culinary Institute of America for ALL of the federal loans that I borrowed. My financial aid counselor did not take into consideration that...
- Posted October 3, 2016
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Navient Told My Ex-Husband He Can Get Me Released as a Co-SignerQuestion: Dear Steve, Cosigned in 2009 on a Navient (at the time Sallie Mae) private student loan for my husband (soon to be ex). He has had difficulty making payments, and now they’re coming after me. I...
- Posted July 21, 2016
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My Debt is Really High From Tribeca Flashpoint College I Feel Like I Was MisledQuestion: Dear Steve, I graduated with an Associate’s Degree from Tribeca Flashpoint College/Chicago in June of 2014. At the time I attended Flashpoint, they were just offering an Associate’s Degree with guaranteed employment after students graduated from...
- Posted June 29, 2016
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Undue Hardship Test Passed With Flying Colors to Eliminate Student Loans
UNDUE HARDSHIP TEST PASSED WITH FLYING COLORS – STUDENT’S STUDY AND PREPARATION PAID OFF! PASSING THE TEST OF UNDUE HARDSHIP-FINAL EXAM Last week I declared my victory of winning a full discharge of nearly $130,000.00 without a...
- Posted May 19, 2016
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Corinthian College Students to Get Student Loan Debt ForgivenThe U.S. Department of Education announced today that students who were defrauded at 91 former Corinthian Colleges Inc. (Corinthian) campuses nationwide have a clear path to loan forgiveness under evidence uncovered by the Department while working with...
- Posted March 25, 2016
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What’s Missing from Hillary Clinton’s Student Loan PlanLittle by little, the mass of humanity that’s running for President of the United States is coming to realize something very important: Not only does the $1.2 trillion worth of higher education-related debt pose significant macroeconomic peril...
- Posted August 11, 2015
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The Student Loan Realities We Can’t Ignore AnymoreAn alternate view on student-loan payment performance data is challenging the prevailing narrative that tends to greatly downplay the problem. In his recent Wall Street Journal column, Josh Mitchell correctly observes that after accounting for the fact...
- Posted May 8, 2015
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Higher Ed Lobby Quietly Joins For-Profit Schools to Roll Back Tighter RulesSeveral hundred students from for-profit colleges rallied in front of the Capitol in 2010, protesting the Obama administration’s efforts to regulate the industry. (Susan Biddle/The Washington Post) The Obama administration is set to achieve one of its...
- Posted May 5, 2015
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Department of Education Wants to Make Schools Accountable for CostThe Department of Education is proposing new rules tomorrow that would make for-profit colleges, universities and schools be more responsible for the education and cost of that education provided to students in programs which prepare student for...
- Posted March 24, 2014
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These Private Student Loans Can Be Easily Discharged in BankruptcyIn my recent article and research on the discharge of Sallie Mae and private student loans, here, I discovered there is a special subset of private student loans that can be easily discharged in a consumer bankruptcy...
- Posted July 24, 2013
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Federal Student Loans Discharged in Bankruptcy. A Look at the Surprising 2012 Data and Cases.The more I research and study the reality of dealing with student loans through bankruptcy the more I am under the opinion the data does not support the assumptions many have that no good options are available...
- Posted July 14, 2013
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Will I Go Before a Judge Before My Wages Are Garnished for Student Loans? – Rose“Dear Steve, I filed for bankruptcy in 2009 and was discharged in June 2009. I owe approximately $60,000 in student loans that were all accrued before bankruptcy. Naturally, none of these were included in the bankruptcy. It...
- Posted February 18, 2013
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Law School Grads Become Hopeless Economic Slaves to Their Student Loans and Poor Opportunities
Remember all those people that wanted to go to law school to make a ton of money, and help people as well. The way it looks now the trend in lawyers being able to find jobs is...
- Posted June 19, 2012
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I Just Got a Notice That My SSI Payments Are Going to Be Garnished for an Old Student Loan. – Alexandria
“Dear Jeremy, I withdrew from my doc studies three months before graduating becuase my spouse became terminnaly ill in 1997. He passed away Dec 20, 2010. From 1997-2011 I became his full time caretaker. I could not...
- Posted April 29, 2011
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For-Profit Schools Donate to Lawmakers Opposing New Financial Aid Rules
by Sharona Coutts, ProPublica Between 2005 and the beginning of this year, Rep. Donald M. Payne, D-N.J., received $6,000 in campaign contributions from sources related to for-profit colleges. This year, he received more than $20,000 from the...
- Posted September 17, 2010
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Would It Be Better to Go Bankrupt Now Or Plug Along. – Ann
“Dear Steve, $47500 in credit card debt, $1000 monthy mortgage, $1000 monthly vehicle payments, then of course insurances, utilities, and general living expenses Squeezing by we are making it month to month, paycheck to paycheck, still occassionally...
- Posted July 17, 2009
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