By Margaret Mattes Tens of thousands of student borrowers unable to complete their educations at the approximately 1473 postsecondary schools or campuses that closed between November 2013 and November 2015 nationwide are now entitled to have their federal student loans immediately discharged—i.e., cancelled. As of October 16, 2018, the U.S. Department of Education is legally […]

This month, in a victory by and for student loan borrowers, a court ordered that the Department of Education had illegally delayed giving effect to an important rule from 2016 designed to protect student loan borrowers and taxpayers from school closures and misconduct.  The court’s order meant that the rule—often called the 2016 “Borrower Defense” […]

Advocates for student loan borrowers breathed a sigh of relief on March 30, when the deadline passed for Congress to introduce a resolution to roll back the new “borrower defense” rules.  These rules are designed to protect students and taxpayers from harm by predatory schools.  After rumblings from Washington that these rules would be in […]

On Friday, the U.S. Department of Education announced final regulations to protect federal student loan borrowers and taxpayers against closures and misconduct by predatory schools like we saw with the now closed Corinthian Colleges. The regulations, most of which are scheduled to go into effect July 1, 2017, include significant amendments to the rules governing borrower defenses to […]

The rules around closed school discharges can be confusing—for students and for those trying to assist them—and good information can unfortunately be hard to find.  We have heard that a lot of incorrect information is circulating on message boards.  It’s important to know the facts before making a decision about transferring credits or applying for […]

On September 6, 2016, ITT announced that it was closing its campus doors, leaving tens of thousands of students across the country in the lurch.  ITT students everywhere are figuring out what to do next. Although students will have a lot of individual considerations, there are two basic options for students who were unable to […]