Inside Higher Ed The Education Department said Thursday that it would carry out part of the Obama administration’s 2016 borrower-defense rule, automatically canceling the student loan debt of 15,000 borrowers whose colleges closed between November 2013 and December 2018. The department will cancel about $150 million in student loan debt over all, including […]
Forbes by Preston Cooper Having recently ruled that the Department of Education acted illegally in delaying a 2016 regulation aimed at making it easier for students defrauded by their colleges to receive loan forgiveness, District Court Judge Randolph Moss on Tuesday ordered the regulation to take effect immediately. Activists on the left hailed the […]
Thompson Coburn by Aaron Lacey As many in higher education are aware, yesterday, following a long series of lawsuits, opinions, and orders, the “borrower defense rule” promulgated by the U.S. Department of Education on November 1, 2016, took effect. The 2016 Rule was slated to become law on July 1, […]