The veto will allow stringent rules for students seeking loan forgiveness to take effect on July 1. The rules toughen standards established under the Obama administration for student borrowers seeking to prove their colleges defrauded them and to have their federal loans erased. Even if some borrowers can show they were victims of unscrupulous universities, they could … More Over Veterans’ Protests, Trump Vetoes Measure to Block Student Loan Rules
The bipartisan rebuke of Education Secretary Betsy DeVos’ “borrower defense” rule that cleared Congress earlier this year is now heading to President Donald Trump’s desk. House and Senate leaders on Tuesday enrolled the Congressional Review Act resolution to overturn DeVos’ new rule. That final procedural step now means that legislation will be presented to the … More Congress sends rebuke of DeVos ‘borrower defense’ rule to Trump’s desk
Student loan borrowers face ‘increased stress, anxiety, and depression’ amid coronavirus shock, survey finds “This data shows that many people with federal student loans are facing a financial disaster when relief ends,” Natalia Abrams, executive director at Student Debt Crisis said in a statement. “It reminds us there are glaring outcome disparities for borrowers who … More Student loan borrowers face ‘increased stress, anxiety, and depression’ amid coronavirus shock, survey finds
“We determined those two universities had blown off the students,” he says. At Drexel he felt he had concrete proof that virtual classes were worth less than live ones. “Drexel offers the same classes online as it does on campus but at a 40% discount from the regular tuition rate,” he says. Students deserved at … More Will Lawsuits Help College Students Get Coronavirus Refunds?
Class-action lawsuits have been filed against three New York universities by students who argue the schools have failed to adequately refund or reimburse students for tuition and other fees they paid to have in-person, on-campus classes and other activities. The lawsuits were filed this week against Columbia University, Pace University and Long Island University, all … More Are you paying for a college education at a school that was closed due to COVID-19?
Education Secretary Betsy DeVos and her department were sued Thursday for allegedly continuing to collect on defaulted borrowers’ student loans — more than a month after she said it would stop doing so to provide relief for those struggling during the coronoavirus outbreak. The lawsuit comes after Democratic lawmakers, led by New Jersey Sen. Cory … More Betsy DeVos sued for seizing wages from student loan borrowers during pandemic – CNNPolitics
The students argue that not only is online-only instruction less valuable and should cost students less, it is not what they paid for. The students are calling on their universities to acknowledge what is being lost in the transition from in-person, hands-on learning to online instruction, such as interaction with professors, access to campus facilities, … More Students in New York file class-action lawsuits against 3 universities, claiming that schools have failed to adequately refund fees
As college campuses have closed and instruction has moved online, some students are suing their colleges for refunds. The coronavirus has hit college campuses and students in a unique way. Instruction has moved online for the remainder of the semester for most. Many students have been told to leave their campus dorm rooms. Some colleges … More College Students Sue For Refunds Amid Coronavirus
“When we are talking about how student loan borrowers are impacted by this crisis, we can’t lose sight of the millions of borrowers with private student loans,” Seth Frotman, former student loan ombudsman at the Consumer Financial Protection Bureau, told Yahoo Finance. “The private student loan market is overshadowed by the enormous federal student market… … More Coronavirus shutdown: Consumer advocates worry about $100 billion private student loan market
What is an income-driven repayment plan? First thing’s first – what are we even talking about here? Once you graduate and it’s time to begin payment on your federal loans, the federal government will automatically set you up with the Standard Repayment Plan, a program that consists of 10 years of fixed monthly payments. Meaning … More How to apply for an income-driven repayment plan for your student loan – Business Insider