Attorney Says Education Department ‘Takes Responsibility’ for Violating Court Order That Could Land DeVos in Jail

The federal government under former President Barack Obama’s administration found that the now-defunct Corinthian Colleges, a for-profit higher education institution, misrepresented job placement rates. In 2015, the Education Department notified an estimated 330,000 former students that due to the circumstances surrounding the college’s fraudulent claims and closed status, their student loans were forgiven. However, some … More Attorney Says Education Department ‘Takes Responsibility’ for Violating Court Order That Could Land DeVos in Jail

Betsy DeVos Could Face Jail After Judge Rules She Violated 2018 Order on Student Loans

“There have to be consequences for violation of my order sixteen thousand times,” U.S. Magistrate Judge Sallie Kim said at a hearing on Monday. Education Secretary Betsy DeVos has been threatened with the possibility of jail after a judge deemed she was violating a court order for continuing to collect student debts on a now-defunct … More Betsy DeVos Could Face Jail After Judge Rules She Violated 2018 Order on Student Loans

What to Know About Missing a Student-Loan Payment Default and delinquency are handled differently for federal and private loans

With federal loans, a borrower becomes delinquent the first day after missing a payment. Even if the borrower misses only one monthly payment and then starts making payments again, the loan account remains delinquent until the borrower repays the past-due amount or makes other arrangements, according to the Federal Student Aid office’s website, studentaid.gov. Those … More What to Know About Missing a Student-Loan Payment Default and delinquency are handled differently for federal and private loans

Temporary Expanded Public Service Loan Forgiveness Denies Most Requests : NPR

When a loan forgiveness program for public servants wasn’t working, Congress created a temporary fix. Documents obtained by NPR show that the program didn’t fix much. Congress created the expansion program last year in response to a growing outcry. Thousands of borrowers — nurses, teachers and other public servants — complained that the requirements for … More Temporary Expanded Public Service Loan Forgiveness Denies Most Requests : NPR

Betsy DeVos finalizes restrictions on student debt forgiveness – Axios

Education Secretary Betsy DeVos finalized her effort on Friday to make canceling student debt harder for federal loan borrowers if colleges defraud those students, Politico reports. The big picture: The fight over DeVos’s proposal to qualify the Obama-era rule has stretched on for almost the full length of Trump’s presidency. 19 attorneys general sued DeVos … More Betsy DeVos finalizes restrictions on student debt forgiveness – Axios

‘I’m Going to Die with a Student Loan’: What Should the Government Do About the Trillion-Dollar Debt Crisis

More and more students leave school each year with loans, experts say, and students borrow more than $100 billion every year to attend college or graduate school. Borrowers owe the federal government an average of $37,172. A quarter of the borrowers owe more than $50,000, and the Department of Education, which is responsible for the … More ‘I’m Going to Die with a Student Loan’: What Should the Government Do About the Trillion-Dollar Debt Crisis

Federal Government & Student Loans — Is the Federal Government a Loan Shark? | National Review

In today’s Martin Center article, Anthony Hennen looks at recent data on the college loan fiasco. “When almost half of the borrowers aren’t repaying their loans,” he writes, “the benefits of college are hard to see. The ‘college for all’ movement has promised students and parents socioeconomic mobility and a better future, but the ugly reality … More Federal Government & Student Loans — Is the Federal Government a Loan Shark? | National Review

America has a for-profit college problem

Even after decades of pressure, investigations, and some closures, for-profit U.S. educational institutions with questionable practices continue to fuel the student debt crisis, according to new data from the Department of Education (DOE). So why have these schools — which have been targeted by the U.S. government repeatedly, from President Harry Truman to Barack Obama — persisted? “Well, that’s like asking: Why do … More America has a for-profit college problem

Thousands of scammed student loan borrowers filed claims for debt relief the feds havent approved any in over a year – MarketWatch

As of March 31, 2019, the Department had received 239,937 applications for debt relief from these borrowers with 179,377 applications pending. As of that date, the agency had approved 47,942, a number that hasn’t budged since June 30, 2018. The number of denials also hasn’t increased since the end of June 2018.  But the number of applications received … More Thousands of scammed student loan borrowers filed claims for debt relief the feds havent approved any in over a year – MarketWatch

At HBCUs, crushing student loan debt is a symptom of even bigger problems

Student borrowers owe close to $1.5 trillion in student loan debt nationwide. However, when race is factored in, black college graduates owe — on average — $7,400 more than their white peers, and that number is expected to more than triple to $25,000 in the next few years, according to the Brookings Institution, a Washington, … More At HBCUs, crushing student loan debt is a symptom of even bigger problems