Letter from the National Association for College Admission Counseling (NACAC) opposing an amendment would create dangerous loopholes in the statutory ban on incentive compensation (commissioned sales) that was enacted more than 20 years ago with broad bipartisan support.
This ruling means no more #BorrowerDefense applications will be rejected by @BetsyDeVosED--a major win for defrauded student borrowers.
Victory is sweet. #DefendStudents https://www.forbes.com/sites/adamminsky/2020/11/24/in-victory-for-borrowers-devos-agrees-to-stop-mass-denials-of-loan-forgiveness-applications/?fbclid=IwAR2ySrVUalIWE31RWRaTi5PKtq4xuevL9ogzNr1YAtk4OW_BroIkK4Da3iU
“I’m very concerned about a switch being flipped on January 1st. Even if it's turned off weeks later … are we going to see this whole host of problems all over again?” said Persis Yu @NCLC4consumers. 2/2 #ProtectBorrowers #DefendStudents #COVID19 #4profit https://www.washingtonpost.com/education/2020/11/23/defaulted-student-loans-collections-coroanvirus-aid/