FTC Opens the Door to More Defense to Repayment Claims for Student Loan Forgiveness

The FTC made the announcement below that seems to open the door for students with federal student loans to explore the possibility of applying for a Borrower Defense Loan Discharge. The Federal Trade Commission put 70 for-profit higher education institutions on notice that the agency is cracking down on any false promises they make about … Read more

DOE Gives Finger to Grand Canyon University

Even a blind acorn finds a pig occasionally, and Betsy DeVos’s Department of Education finally found a piggy: Grand Canyon University (GCU), which operated as a for-profit institution until 2018. Last year, DOE rejected GCU’s application for non-profit status. This surprised most people because Betsy DeVos is famous for coddling the for-profit college industry. Not … Read more

Student Loan Debt: The Next Subprime Bubble to Burst?

I just finished watching the Frontline PBS show College, Inc. about for-profit education and the resulting student loan debt. It was estimated that students in for-profit colleges will graduate with double the amount of student loan debt as compared to a traditional university. The default rate was alarming as well. For-profit colleges account for 10% … Read more