For-profit college magnates Corinthian Colleges and ITT Technical Institute shuttered operations in recent years after facing state and federal investigations into fraudulent and predatory practices. After the school chains closed, tens of thousands of students who borrowed money to attend them found themselves with worthless diplomas and saddled in debt. The Department of Education under President Barack Obama made it easier for students to submit “borrower defense claims” to try and recoup the funds. By January 2017, the administration announced it had granted more than $650 million in relief to roughly 28,000 Corinthian and 6,300 ITT students.
Student Voices
Naturally we will be following #NegReg closely and providing analysis, information, memes, and snack and drink recommendations as needed. Make sure you follow to stay up to date.
Just when you thought you could stop thinking about #NegReg @usedgov announces topics for table 3!
1⃣TRIO Programs
2⃣Accreditation
3⃣State Authorization
4⃣Return to Title IV
5⃣Cash Management
6⃣Third-Party Servicers
7⃣Deferments and Forbearances
8⃣Distance Education
Today, Biden admin announces its third higher ed #negreg agenda. Topics include (yet again😵💫) accreditation, state auth, and distance ed. Addt'l topics: R2T4, cash management, third-party servicers (likely addresses OPMs and bundled services), and deferments and forbearances. /1
Phew! This is a seriously ambitious agenda for a #NegReg this year. All topics that are much needed.
Accreditation and state auth alone are going to take a lot of time to work through.
Agency Rule List - Fall 2022 by https://www.reginfo.gov/public/do/eAgendaMain?operation=OPERATION_GET_AGENCY_RULE_LIST¤tPub=true&agencyCode=&showStage=active&agencyCd=1800&csrf_token=4057C3172F1EBE6E8ABA0CB826C3F36E151621FCE81D1FD8473A038ADBB0FA9CB77EE343439A98690D7701BC2079C499FC54
Everyone should have a path to pay down their student debt, and it shouldn’t take a criminal side hustle to do it. @TheHillOpinion #ProtectBorrowers #DefendStudents #CancelStudentDebt https://thehill.com/opinion/finance/3817930-interest-is-a-black-hole-thats-devouring-student-loan-payments/
While most people do not turn to crime to pay off their student loans, the demoralizing experience of making student loan payments month after month only to see the balance stay the same — or even grow — is common. 2/3 #ProtectBorrowers #DefendStudents https://thehill.com/opinion/finance/3817930-interest-is-a-black-hole-thats-devouring-student-loan-payments/
Starting now, 3:30 p.m. join us along with
@HerbinJaylon @EScoopStirgus @VanMcCray for a student loan discussion about President Joe Biden's student loan debt relief plan, the court challenges and its impact on past and current borrowers. #DefendStudents https://live.ajc.com/studentloandebtreliefdilemma