for-profit schools
DeVos Sued for Stalling Forgiveness of Student Loan Debt
The U.S. Education Department’s refusal to process borrower defense claims has left more than 160,000 students “in limbo,” damaged their credit and permanently delayed their accumulation of wealth, student borrowers claim in a class action filed Tuesday.
Read moreEducation Fraud
A federal judge refused to dismiss claims that the for-profit Capella University misrepresented that its program could be completed in three years, though the average length required is six years, with corresponding increases in tuition payments.
Read moreWhite House Blasted for Failing to Protect Student GIs
U.S. Representatives Susan Davis and Mike Levin – chairs of House subcommittees on education and labor and Veterans’ Affairs – hosted a joint hearing Wednesday on how to protect student veterans from for-profit institutions in light of enforcement and oversight rollbacks by the Trump administration.
Read moreHouse Panel Takes Up Oversight of For-Profit Schools
In a House subcommittee hearing Tuesday on the regulation of for-profit colleges, lawmakers across the aisle agreed that Congress needs to intervene against predatory behavior from private institutions like the now-defunct ITT Technical Institute and Argosy University.
Read moreCorinthian Colleges
The SEC claims in a federal complaint that Jack D. Massimino and Robert C. Owen, former CEO and chief accounting officer, respectively, of defunct, profit-seeking Corinthian Colleges aided and abetted Corinthian’s securities violations
Read moreStudents of For-Profit College Freed From Debt
Attorneys general for 48 states and the District of Columbia settled potential consumer fraud claims against a for-profit college in a deal that includes $493.7 million in debt forgiveness for nearly 180,000 former students nationwide.
Read moreDevos Sued for Denying Automatic Student Debt Relief
Despite a court order voiding efforts to delay Obama-era student borrower protections, the U.S. government continues to collect money from borrowers who are entitled to automatic debt relief, a consumer advocacy group claims in a new lawsuit.
Read moreJudge Orders Delayed Obama For-Profit Fraud Protection Be Enforced
A federal judge paved the way Tuesday for an Obama-era rule to take effect that helps protect students defrauded by for-profit colleges from predatory lending practices get their loans forgiven.
Read moreDefrauded Students Win Class Certification in Lawsuit Against DeVos
More than 100,000 students defrauded by Corinthian Colleges can team up to sue Education Secretary Betsy DeVos for rolling back Obama-era rules that provided full debt forgiveness, a federal judge ruled Monday.
Read moreDeVos Will Not Seek Further Delay of Obama For-Profits Rule
The Education Department said Friday it will no longer try to delay an Obama-era regulation that helped students defrauded by for-profit colleges get their loans forgiven.
Read moreDevos Under Fire for Obstacles to Student Debt Relief
A federal judge blocked the Education Department on Monday from dismantling an Obama-era regulation intended to protect student-loan borrowers from predatory lending practices.
Read moreDeVos Loses Case Over Protecting For-Profit College Students
Democratic attorneys general from 19 states and the District of Columbia have won a lawsuit against Education Secretary Betsy DeVos over her decision to suspend rules meant to protect students from abuse by for-profit colleges.
Read moreCalifornia Wins $67M in Debt Relief for Defrauded Students
California has secured $67 million in private loan debt relief for students defrauded by Corinthian Colleges, but many others still owe millions in federal loans under a Trump administration policy.
Read moreDefrauded Students Will Stay Indebted
Education Secretary Besty Devos need not provide full debt relief to more than 60,000 defrauded students, but she must stop collecting on their loans, a federal judge said in court Monday.
Read moreFor-Profit Nursing School
Massachusetts Attorney General Maura Healey has asked a judge to bar the for-profit nursing school Medical Professional Institute from future operations, noting that its shutdown in 2016 on the heels of state action left dozens of students in the lurch.
Read moreFeds Push to Collect From Defrauded Corinthian Students
A Justice Department lawyer on Monday defended cutting loan debt relief for some 100,000 students defrauded by Corinthian Colleges, arguing the Department of Education never promised to wipe out all of their debt.
Read moreDeVry Beats Class Action Over Post-Graduate Job Stats
Despite DeVry University’s $49 million settlement with the Federal Trade Commission over false advertising, a federal judge ruled Monday that DeVry graduates cannot sue the for-profit college for falsely claiming 90 percent of its graduates found a job in their chosen field six months after graduation.
Read moreFor-Profit Loan Forgiveness Program Could See Major Cut
The Education Department’s plan to provide only partial relief to some students defrauded by for-profit colleges could reduce overall payments by about 60 percent, according to a preliminary analysis obtained by The Associated Press.
Read moreAfter Delays, New Plan for Student Debt Relief Raises Concerns
Education experts are voicing alarm over a new debt-relief plan for students defrauded by for-profit colleges. Billed as a fair compromise for borrowers and lenders, the new tiered system unveiled five days before Christmas is a deliberate departure from the original iteration.
Read more