Education Department to Resolve Borrower-Defense Case
April 13, 2020
The Education Department agreed to process 170,000 claims by student loan borrowers who want their debts canceled because they were misled by their colleges under a settlement jointly proposed by the department and a consumer group.
If approved by a federal court in California, the settlement would end a case filed in June 2019, when consumer groups complained the department under Secretary Betsy DeVos had not decided any borrower-defense claims, filed by students at for-profit institutions, in a year. Many had been waiting more than four years for a decision, said Harvard University’s Legal Services Center’s Project on Predatory Student Lending, which filed the suit with another group, Housing & Economic Rights Advocates…continue reading
