For-profit college students twice as likely to default on loans, report says
The report comes as Education Secretary Betsy DeVos rewrites rules that had been put in place by the Obama administration to protect students who said they were defrauded by their for-profit colleges.
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Betsy DeVos hits reset on new student loan consumer protections
The Trump administration has held up the implementation of Obama-era rules that would have allowed student borrowers to have their debt erased if they had been victims of fraud by for-profit schools. Now 18 states and the District of Columbia…
New rule aims to streamline debt forgiveness for victims of rogue for-profit schools
The Education Department says a rule proposed Monday would lay out a clear relief process for borrowers who believe they were lied to about job prospects after college or otherwise deceived in order to enroll in the school.
U.S. to fire monitor overseeing turnaround strategies of for-profit colleges
WASHINGTON — The Education Department is removing a law firm hired to oversee the turnaround of schools owned by Corinthian Colleges Inc., a for-profit education company whose financial collapse had placed at risk more than $1 billion in federal student…
WASHINGTON -- President Barack Obama plans to ask Congress for $12 billion over a decade to help feed schoolchildren from low-income families during the summer, the White House said Wednesday.
PITTSBURGH -- A Pittsburgh company that enrolls more than 100,000 students at for-profit trade schools and colleges across the U.S. is not admitting wrongdoing as part of a $95.5 million settlement with the Obama administration.
The Defense Department has placed the University of Phoenix on probation, barring the for-profit school from recruitment activities and career fairs on military bases.
WASHINGTON — How did trade schools go from being mom-and-pop shops that trained mechanics and hair stylists to making billions on Wall Street? And if the industry is as predatory as the Education Department and many lawmakers suggest, why didn't…
SAVANNAH, Ga. — As a guarantor of student loans that specialized in collecting from students on the precipice of bankruptcy, the Educational Credit Management Corporation saw up close the “impact of students taking on debt, dropping out of school and…
