U.S. Education Secretary Betsy DeVos took another crack at revamping a student loan forgiveness program Tuesday, affecting thousands of students who took out federal loans to attend for-profit colleges that solicited attendance with fraudulent claims.
Read moreU.S. Education Secretary Betsy DeVos forced more than 45,000 defrauded students to repay loans in violation of a court order – far more than the 16,000 originally estimated, the department revealed in a court filing Tuesday.
Read moreThe Minnesota Supreme Court on Wednesday upheld orders requiring two for-profit colleges to refund tuition money to hundreds of former students defrauded by false assurances about a criminal justice degree.
Read moreA federal judge certified a class who claim Education Secretary Betsy DeVos “arbitrarily and capriciously stonewalled (and continues to stonewall) the relief process with its ‘blanket refusal’ to process their borrower claims” against allegedly fraudulent profit-seeking colleges.
Read moreA federal class action claims Secretary of Education Betsy DeVos illegally continues to demand student loan payments from more than 7,000 students of the former Everest Institute, run by Corinthian Colleges, which was shut down for fraud; Massachusetts filed a similar complaint in the same court.
Read moreThe 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 moreA 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 moreU.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 moreIn 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 moreThe 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 moreAttorneys 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 moreDespite 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 moreA 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 moreMore 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 moreThe 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 moreA 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 moreDemocratic 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 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.
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