Now in Effect: Rules on Student Loan Relief for School Closures and Misconduct, and Limits on Forced Arbitration
October 25, 2018
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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
Continue Reading →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 →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
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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
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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 →What is the Government Doing to Provide Relief for For-Profit School Students?
August 26, 2015
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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
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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
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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
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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
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