For A Change: A Bit of Positive News from U.S. Dept. of Education—on College Loan Debt

janresseger

The past couple of weeks have brought three pieces of positive news about the U.S. Department of Education’s massive student loan program.

I.     Legal Injunction Blocks—for Now—Controversial DeVos Policy Only Partially to Reimburse Students Defrauded by Corinthian Colleges

At the end of last week, a district court judge in California stopped, for now, a new practice the U.S. Department of Education had been using since December to determine partial forgiveness of federal loans for students defrauded by the now-closed Corinthian Colleges—a chain of for-profit institutions closed in 2015 after the Obama administration cracked down.

USA Today‘s Kevin McCoy examines the background surrounding the closure of Corinthian Colleges—the background for last week’s legal action: “The legal fight focuses on Corinthian, a former Santa Ana, Calif.-based company that primarily offered certificate and associate degree programs nationwide through its Everest, Heald, and WyoTech colleges.  During 2009 and 2010, Corinthian operated more…

View original post 970 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s