• student loans June 1, 2022 6:57 pm

    Former Corinthian Students Get Federal Student Debt Erased

    The Biden administration says it will forgive all remaining federal student debt for former students of the for-profit Corinthian Colleges chain.

  • federal judge October 25, 2019 1:39 pm

    DeVos Held in Contempt of Court in Loan Forgiveness Dispute

    A federal judge has held Education Secretary Betsy DeVos in contempt of court for violating an order to stop collecting loans from thousands of former for-profit college students. U.S. Magistrate Judge Sallie Kim issued the ruling Thursday in San Francisco. She also fined the Education Department $100,000. Kim previously ordered DeVos to stop collecting federal loans from former Corinthian Colleges...

  • Chief June 29, 2019 12:06 am

    DeVos Revokes Obama-Era Rule Policing For-Profit Colleges

    The Trump administration revoked on Friday an Obama-era rule that aimed to terminate federal funding to for-profit college programs that consistently left graduates with high student debt. Department officials announced that the 2014 gainful employment rule will be rescinded effective July 1, 2020. The agency’s announcement said the rule focused too narrowly on graduate earnings and unfairly targeted for-profit colleges.

  • Donald Trump March 28, 2019 2:30 pm

    Devos Responds to Questions on Proposed Cuts to Special Olympics Funding

    Sen. Jack Reed, D-R.I questions Secretary of Education Betsy DeVos about cuts to Special Olympics funding proposed President Donald Trump’s latest budget plan.

  • JUDGE December 9, 2018 10:36 pm

    For-Profit College Closes Operations, Surprising Students

    One of the nation’s largest for-profit college chains announced Wednesday that it was abruptly closing in dozens of locations nationwide, after its accrediting agency suspended approval. Birmingham, Alabama-based Education Corp. of America said it was closing schools operating as Virginia College, Brightwood College, Brightwood Career Institute, Ecotech Institute and Golf Academy of America in more than 70 locations in 21...

  • JUDGE December 7, 2018 6:29 am

    For-Profit College Closes Operations, Surprising Students

    Education Corp. of America said it was closing schools operating as Virginia College, Brightwood College, Brightwood Career Institute, Ecotech Institute and Golf Academy of America in more than 70 locations in 21 states.

  • CONGRESS July 25, 2018 8:33 pm

    DeVos Rules Would Cut Estimated $13B in Student Loan Relief

    Students who are defrauded by their schools would have a harder time getting their federal loans erased under new rules proposed by the Trump administration Wednesday. The proposal, which aims to replace a set of Obama-era rules that were never implemented, drew applause from the for-profit industry but sharp criticism from advocacy groups that represent student borrowers.

  • Donald Trump April 12, 2018 9:14 am

    After Tax Season, Beleaguered IRS Must Deal With Code Overhaul

    The IRS, pummeled for years by congressional Republicans and funding cuts, faces the challenge of administering the most sweeping overhaul of the U.S. tax code in three decades. But first the beleaguered agency had to get through the current tax-filing season. The final year under the “old” tax regime, 2017, has to be accounted for by taxpayers in returns by...

  • ATTORNEY March 16, 2018 11:20 am

    Students Defruaded by For-Profit Corinthian Colleges Will Only See Partial Loan Relief

    The Department of Education has begun notifying some former Corinthian Colleges students that it will forgive only one-half or less of their federal student loans, even though the students were defrauded by the now-defunct schools, the Associated Press has learned. The action is part of the Education Secretary Betsy DeVos’ push to ease regulations governing for-profit schools. DeVos says she...

  • Donald Trump October 29, 2017 4:45 am

    Betsy DeVos May Only Partly Forgive Some Student Loans: Sources

    The Education Department is considering only partially forgiving federal loans for students defrauded by for-profit colleges, according to department officials, abandoning the Obama administration’s policy of erasing that debt. Under President Barack Obama, tens of thousands of students deceived by now-defunct for-profit schools had over $550 million in such loans canceled. But President Donald Trump’s education secretary, Betsy DeVos, is...

  • Donald Trump July 26, 2017 4:33 pm

    Student-Loan Forgiveness Has Halted Under Trump: Records

    The U.S. Education Department has not approved any applications for student-loan forgiveness in cases of possible fraud since President Donald Trump took office, according to records sent to an Illinois senator. Democratic Sen. Richard Durbin released the records Wednesday and blasted the department for its inaction and for a June decision to delay and rewrite Obama-era rules that would have...

  • Donald Trump June 26, 2017 12:09 pm

    College Borrowers Promised Loan Forgiveness Are Left to Wait

    Thousands of others who studied at failed for-profit colleges and were promised by the U.S. Education Department under President Barack Obama that their federal loans would be forgiven by now. But borrower advocates say the pipeline to loan forgiveness appears to have slowed since President Donald Trump took office, stirring concern that some students may be left in the lurch,...

  • Attorney General June 15, 2017 10:54 am

    Government to Rewrite Rules For Student Loan Forgiveness

    The Education Department announced Wednesday that it will change two key Obama-era rules governing student loan forgiveness in cases involving fraud and misconduct by universities. The department said it will convene special committees to rewrite Borrower Defense to Repayment and Gainful Employment regulations. The rules were introduced last year as the department was processing claims from thousands of students who...

  • United States June 6, 2017 7:24 pm

    AGs Ask Dept. of Ed. to Forgive Loan Debt for Students Defrauded by Corinthian Colleges

    Thousands of local college students approved for loan forgiveness may have to start repaying their debts.

  • Attorney General September 6, 2016 4:01 pm

    ITT Technical Institute to Close All Campuses

    The company that runs ITT Technical Institute announced Tuesday it was shutting down academic operations at all of its campuses and thousands of its employees will lose their jobs. The move comes a more than a week after the federal government banned the for-profit school from enrolling students who use federal loans to pay for classes. “It is with profound...

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