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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFacing lawsuit, DeVos erases student loans for 1,500
Facing a federal lawsuit and mounting pressure to act, Education Secretary Betsy DeVos on Friday said she will forgive loans for more than 1,500 borrowers who attended a pair of for-profit colleges that shut down last year
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Students who attended the Art Institute of Colorado and the Illinois Institute of Art from Jan. 20, 2018, through the end of last year will have their federal student loans canceled, DeVos said, and students who attended another 24 schools owned by the same company can get loans erased if they enrolled after June 29, 2018.
The decision involves schools under the chain of Dream Center colleges, which collapsed last year and shuttered campuses across the nation.
DeVos has faced mounting criticism over her handling of federal loan forgiveness programs, which were expanded by the Obama administration following the collapse of the Corinthian Colleges and other for-profit college chains accused of lying to students to get them to enroll.
Under DeVos, the Education Department has stopped processing claims from students who say they were defrauded by their schools, leaving tens of thousands of borrowers in limbo as they seek loan cancellations. DeVos has also moved to tighten eligibility rules, prompting backlash from Democrats and a flurry of lawsuits from students and advocacy groups.
https://www.msn.com/en-us/news/us/facing-lawsuit-devos-erases-student-loans-for-1500/ar-BBWugpl?li=BBnb7Kz&ocid=mailsignout
Sherman A1
(38,958 posts)they sue her backside into the dirt.
smirkymonkey
(63,221 posts)She has gone too long under the radar and needs to be removed.
MyOwnPeace
(16,937 posts)one of IQ45's "Only The Best!"
llmart
(15,552 posts)When they're facing a lawsuit and in danger of losing their millions.
I always refer to them as the "Scamway family".