Court Finds Policy Limiting Loan Relief to Corinthian Borrowers Illegal, Stops Loan Collection Until New Policy is Approved
June 26, 2018
Comments are off
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 →Who is the Department of Education Looking Out For? Another Delay of Student Protections Follows a String of Actions Protecting Industry Profits Over Students
May 24, 2018
Comments are off
Today, the Department of Education announced that it does not plan to implement new rules designed to protect students in online degree programs from being taken advantage of by schools that load students up with debt but offer useless degrees. The “Program Integrity and Improve
Continue Reading →Borrower Defense Rules to Protect Students Live Another Day
April 07, 2017
Comments are off
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
Comments are off
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
Comments are off
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 →What is the Government Doing to Provide Relief for For-Profit School Students?
August 26, 2015
Comments are off
We wrote in a previous post about our coalition letter to the Department of Education’s “Special Master”, urging him to create a fair and accessible “defense to repayment” process for borrowers. While the special master Joseph Smith works on this pr
Continue Reading →NCLC Statement on Relief for Predatory School Borrowers
June 08, 2015
Comments are off
NCLC Advocates Applaud Department of Education’s Step Towards Granting Widespread Student Debt Relief to Corinthian Borrowers Over the past year, the National Consumer Law Center has called on the U.S. Department of Education to cancel the student loans of all borrowers harmed b
Continue Reading →What Does “Gainful Employment” Mean?
May 17, 2014
Comments are off
Comments on the Department of Education’s proposed “gainful employment” regulation are due next Tuesday May 27. This is the Department’s second attempt to define what it means for career education programs at public, nonprofit and for-profit colleges to
Continue Reading →CFPB Sues For-Profit College Company ITT
February 27, 2014
Comments are off
The Consumer Financial Protection Bureau’s (CFPB) announced yesterday that it filed a lawsuit against the for-profit school ITT Educational Services based on allegations of predatory lending and other unfair, deceptive, or abusive practices. According to CF
Continue Reading →Student Loans Issues in 2013: The Year in Review
December 19, 2013
Comments are off
It’s been a very busy year in the student loan world. The media, policymakers and regulators have started to wake up to the scope of student loan debt and the consequences for borrowers, their families and the economy. We will be taking a short break at Student Loan Borrow
Continue Reading →Quick Help
Please Note
Please understand that we do not provide legal advice about individual cases. This web site includes links to other resources for those who seek individualized legal advice or other help not offered here. This site is for people who already have student loans and want to know more about their options and rights.
Disclaimer | Copyright © National Consumer Law Center, Inc., All rights reserved.