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.
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While spring cleaning my home office, Mike says, “Why are you keeping all those #negreg binders from rulemakings that happened years ago?!” I explain because @usedgov regulates on the same damn topics every few years so they’re helpful. #groundhogsday
@PaulaDee63 Enrollment’s down 8 % . This isn’t going the way colleges hoped when they sat down for #negreg
The Department of Education Announces Public Hearings on Higher Education Rulemaking
@usedgov will hold public hearings Apr 11-13. https://www.ed.gov/news/press-releases/department-education-announces-public-hearings-higher-education-rulemaking #highered #negreg #edpollicy #onlinelerning #thirdpartyservicers #distanceeducation
@JStein_WaPo I would like to see him work as hard personally to either #CancelAllStudentDebt or push 4 restoration of the bankruptcy protections he was instrumental n having removed.They need some common sense. #negreg isn’t that.Lets all the wrong ppl n2 the process who don’t want it to end
Tonight at 6 p.m.! Get the story on #OPMs, #GainfulEmployment, #IncomeDrivenRepayment, #NegReg, #Accreditation, and more in #HigherEd.
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Jared Bass @CAPHigherEd
Jessica Taketa @Arnold_Ventures
Education Department Announces Use of Secret Shoppers to Protect Student Against Unscrupulous Institutions http://ow.ly/FnVi50NreHL via @usedgov An important step in the effort to #defendstudents against predatory institutions https://bit.ly/3yxBkEi
“The findings of this study are deeply alarming," said @nataliaabrams @DebtCrisisOrg. “We call on policymakers to take every step necessary to #ProtectBorrowers, including extending the payment pause and canceling debt.” #CancelStudentDebt #DefendStudents
RELEASE: #BeyondStudentDebt Report Reveals Student Loan Borrowers Struggling to Meet Basic Needs
How Can the Education Department Build a List of Low-Value College Programs? http://ow.ly/vfpG50N5S3q via @HigherEdDive @NACAC, along with student and consumer organizations, believes that we have to #defendstudents from predatory institutions https://bit.ly/3yxBkEi
“Default is a financial disaster for student loan borrowers...The Court should reject efforts to interfere with this critical relief; relief that Congress authorized and @SecCardona deemed necessary.” @KyraTaylor2022 #DefendStudents 2/2 https://www.nclc.org/defending-student-loan-cancellation/
Debt-free futures! @Dreamdefenders #DefendStudents #CancelStudentDebt #ProtectBorrowers
People's Rally for Student Debt Cancellation #CancelStudentDebt https://twitter.com/i/broadcasts/1OyKAVojvVMGb