Editorial: Protect Veterans From Fraud
The New York Times Congress invited predatory for-profit colleges to defraud military veterans when it wrote a loophole into the rules governing federal education aid. The loophole, added to the Higher Education Act in 1998, encouraged the schools to take the...Betsy DeVos sides with predatory for-profit colleges over America’s students
The future of the nation’s economy and the ability of its citizens to earn a decent living increasingly depend on having an educated population, with more people getting at least some college education after high school. Despite that, the Trump administration is...What Betsy DeVos Thinks She Can Get Away With
A federal judge sent the right message last week when he blocked Education Secretary Betsy DeVos’s suspension of an Obama-era rule that allows students defrauded by for-profit colleges to have some or all of their federal student loans forgiven.The DeVos School for the Promotion of Student Debt
Say this for Betsy DeVos: The secretary of education has shown an impressive commitment to rescuing her friends in the for-profit college business from pesky measures to rein in their predatory behavior. As pet projects go, it lacks the sulfurous originality of her...
Low-income borrowers graduate with more debt and greater risk of default. 21% of #PellGrant recipients, most with incomes under $40k, default within 12 years. At #4profit colleges, the default rate jumps to 52% #DefendStudents #StopTheDebtTrap @EdDebtJustice @TICAS #JustEconomy
Of the 44 million student loan borrowers, nearly 1 in 5 is currently in default on one or more federal student loans. #FairDebt #DefendStudents #ProtectBorrowers #JustEconomy @RealBankReform @NCLC4consumers https://www.nclc.org/images/pdf/student_loans/report-inequitable-judgments-april2019.pdf