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 […]
Inside Higher Ed About 30 colleges are shutting their doors at the end of this month, nearly a year after becoming the latest group of for-profit institutions to convert to nonprofit status. The colleges, most of which are part of the once renowned Art Institutes brand, are owned by the […]
NASFAA As a response to the April 2015 closure of Corinthian Colleges, NASFAA collaborated with other organizations to assist students whose college or career school closed while they were attending, or shortly after they withdrew. With the help of grant funding, a ticketing website, and a working group comprised of […]
Business Insider Education Secretary Betsy DeVos on Wednesday restored federal recognition to an accrediting group that oversees dozens of for-profit colleges but was shut down by the Obama administration over allegations of lax supervision. Her decision says the Accrediting Council for Independent Colleges and Schools was found to be “substantially […]
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 […]
Real Clear Education By A.J. Kritikos Earlier this summer, a federal court ordered the Department of Education “to cease all efforts to collect debts” from students who attended failed for-profit universities. While the court order focused on a privacy issue, the heart of the suit is the borrower’s defense rule. The […]