Court Finds Policy Limiting Loan Relief to Corinthian Borrowers Illegal, Stops Loan Collection Until New Policy is Approved
June 26, 2018
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By the Project on Predatory Student Lending at the Legal Services Center of Harvard Law School, which is representing the plaintiffs in Calvillo Manriquez v. DeVos. This post originally appeared on https://predatorystudentlending.org/updates/update-preliminary-injunction-granted-what-
Continue Reading →Borrower Defense Rules to Protect Students Live Another Day
April 07, 2017
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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 predator
Continue Reading →Defrauded Corinthian Students Sent Confusing 1099-Cs
March 15, 2017
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According to the IRS, if you went to a Corinthian school and had your loans canceled under the borrower defense rule, you should not owe taxes on the canceled amount. Unfortunately, we have learned that the Department of Education and its servicers sent IRS forms 1099-C to Corinthian
Continue Reading →Education Department’s New Rules Provide a Clearer Path to Relief for Borrowers Harmed by their School, But Real Impact Will Depend on How the Department Implements the Rules
October 31, 2016
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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 s
Continue Reading →Sen. Warren to Department of Education: Why Are You Seizing Money from Defrauded Corinthian Borrowers?
September 29, 2016
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This morning, U.S. Senator Elizabeth Warren sent a scathing letter to the U.S. Department of Education highlighting some troubling data about the way that the Department treated Corinthian Colleges borrowers eligible for fast track relief. The Department announced that these bor
Continue Reading →Information for Borrowers Who Attended Corinthian Colleges
June 25, 2015
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The U.S. Department of Education has announced federal student loan relief options for many borrowers who attended Corinthian Colleges (including Everest College, Everest Institute, WyoTech and Heald Colleges). You can find general information below, but you also should consider
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