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DeVry University And Other For Profit Schools Really Sucked – $415 Million in Student Loans Forgiven

DeVry University And Other For Profit Schools Really Sucked – $415 Million in Student Loans Forgiven

Nearly 16,000 borrowers will receive $415 million in borrower defense to repayment discharges following the approval of four new findings and the continued review of claims. This includes approximately 1,800 former DeVry University (DeVry) students who will receive approximately $71.7 million in full borrower defense discharges after the U.S. Department of Education (Department) determined that … Read more

MN Asks Department of Education to Forgive Federal Student Loans Over Fraud Finding

The Department of Education has made it tougher for federal student loan debtors to obtain forgiveness of their federal student loans under the Borrower Defense to Repayment program. One of the changes made has been to make it much harder for students to prove they are the subjects of fraud by the school. The State … Read more

Globe University Will Probably File Bankruptcy While Students Can’t Get the Same Protection

Globe University/ Minnesota School of Business is collapsing like a house of cards. Last September, a Minnesota judge ruled that Globe/MSB violated Minnesota consumer protection laws, and the Minnesota Office of Higher Education began the process of barring it from doing business in the state of Minnesota. In October, the U.S. Department of Education ordered … Read more

Globe University and Minnesota School of Business Students May Be Eligible for Total Federal Student Loan Forgiveness

People with federal student loans for attending Globe University and Minnesota School of Business may now be eligible for full loan forgiveness through the Borrower Defense Defense to Repayment program. This is because of recent actions by the Department of Education and a lawsuit filed by Minnesota Attorney General Lori Swanson in 2014. In that … Read more