Secretary DeVos Denies Students' Rights To Full Debt Cancellation

  • SOURCE:, 2019-12-10  |  reblogged [2019-12-13]

  • Students, Project on Predatory Student Lending Speak Out Against New Formula That Subjects Defrauded Student Borrowers to Unlawful Loan Collection

  • About the Project on Predatory Student Lending. Established in 2012, the Project on Predatory Student Lending represents former students of predatory for-profit colleges. Its mission is to litigate to make it legally and financially impossible for federally-funded predatory schools to cheat students. The Project has brought a wide variety of cases on behalf of former students of for-profit colleges. It has sued the federal Department of Education for its failures to meet its legal obligation to police this industry and stop the perpetration and collection of fraudulent student loan debt.

    United States Education Secretary Betsy DeVos announced that she will deny full student loan cancellation to student borrowers who were cheated by their colleges and applied to have their federal loans cancelled. This announcement comes despite defrauded students' legal right to have their loans fully cancelled as a result of their school's misconduct.

    The Department's action sends hundreds of thousands of student borrowers into the holiday season with the fear that their bogus loans may not be discharged and that they may face collections from the Department of Education.

    The following is a statement from Eileen Connor, legal director of the Project on Predatory Student Lending at the Legal Services Center of Harvard Law School, on the new rule.

    The following are statements from former for-profit college students affected by today's announcement.

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