WHEN STUDENTS GRADUATE or drop out of college, they typically begin repaying the student loans they borrowed to finance their education. But sudden college closings, like ITT Technical Institute’s closing in 2016, leave thousands of students in the lurch, uncertain about the future of their loans.
What happens to student loans after a school closing isn’t just a concern for former ITT Tech students. The list of closed colleges is becoming a lengthy one, including for-profits like Argosy University and Corinthian Colleges. Small private nonprofit colleges continue to struggle – like Hampshire College in Massachusetts, which considered merging with another school to avoid closing – and larger public colleges like the University of Wisconsin system are consolidating.
Forced arbitration clauses deny private loan borrowers access to justice! A @CFPB study found arbitration clauses are extraordinarily prevalent and effectively squelch consumer claims. #EndForcedArbitration #ProtectBorrowers #DefendStudents #FAIRAct http://bit.ly/yu-test-sept19
We stand with Ashlynne Haycock of the @TAPSorg testifying today @usedgov, "We strongly encourage the Department of Education to include both Chapter 35 and Montgomery GI Bill benefits in the final calculation for 90/10." #defendstudents
https://vetsedsuccess.org/tragedy-assistance-program-for-survivors-testimony-on-the-90-10-loophole-at-the-department-of-education-hearings/
