Trump Administration Rejects Financial Relief for Nearly All Defrauded Students

WHEN THE EDUCATION Department dispatches the first round of notifications to some 17,000 student loan borrowers who applied to have their debt forgiven after being defrauded by for-profit colleges, 95% of them will be rejected. Documents obtained by U.S. News show a breakdown of 17,192 letters that includes more than 16,340 labeled as “ineligible.” Those labeled ineligible include more than 6,314 letters going to borrowers who enrolled in Corinthian Colleges, the now-defunct for-profit giant that misrepresented Read More

Betsy DeVos to Testify Before Congress Over Loan Collection From Defrauded Students

EDUCATION SECRETARY Betsy DeVos is set to testify before a House oversight panel next week about how her department incorrectly collected federal student loan payments from borrowers who were defrauded by for-profit colleges. The announcement comes after months of back-and-forth between Rep. Bobby Scott, Virginia Democrat and chairman of the Education and Labor Committee, and DeVos and her lawyers – including multiple threats to subpoena the secretary – over the department’s mishandling of more than 29,000 borrowers who were students Read More