• U.S. Education Department Jun 16, 2021

    18,000 Former ITT Tech Students Will Get Over $500M in Loan Debt Erased

    The U.S. Education Department says it’s erasing student debt for thousands of borrowers who attended a for-profit college chain that made exaggerated claims about its graduates’ success in finding jobs

  • Chief Jun 29, 2019

    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 Department officials announced that the 2014 gainful employment rule will be rescinded effective July 1, 2020.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.

  • JUDGE Dec 10, 2018

    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...

  • Congress Jul 26, 2018

    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 Apr 12, 2018

    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...

  • Donald Trump Apr 9, 2018

    For-Profit Colleges Struggle Despite Administration Support

    The for-profit college industry is struggling under the weight of declining enrollment, stiff competition from traditional universities and an image battered by past misdeeds, even as the Trump administration tries to offer a helping hand. Education Secretary Betsy DeVos has hired several industry insiders and frozen Obama-era regulations that would have increased protections for students. She has reduced loan forgiveness...

  • Donald Trump Apr 7, 2018

    For-Profit Colleges Struggle Despite Assist From DeVos

    The for-profit college industry is struggling under the weight of declining enrollment, stiff competition from traditional universities and an image battered by past misdeeds, even as the Trump administration tries to offer a helping hand. Education Secretary Betsy DeVos has hired several industry insiders and frozen Obama-era regulations that would have increased protections for students. She has reduced loan forgiveness...

  • America Nov 14, 2017

    Talks Underway on College Student Fraud-Protection Rules

    Education Department officials opened formal negotiations on Monday to rewrite federal rules meant to protect students from fraud by colleges and universities. The talks with university representative and student advocates are taking place as the department faces criticism for delaying consideration of tens of thousands of loan forgiveness claims from students who say they were defrauded by for-profit colleges. The...

  • America Nov 9, 2017

    Nearly All Student Loan Fraud Claims Involve For-Profits: Study

    Students who attended for-profit colleges filed more than 98 percent of the requests for student loan forgiveness alleging fraud by their schools, according to an analysis of Education Department data published Thursday. The study by The Century Foundation represents the most thorough analysis to date of the nearly 100,000 loan forgiveness claims known as borrower defense received by the agency...

  • Donald Trump Sep 13, 2017

    Action on Student Loan Forgiveness Delayed as Rules Revised

    Tens of thousands of former students who say they were swindled by for-profit colleges are being left in limbo as the Trump administration delays action on requests for loan forgiveness, according to court documents obtained by The Associated Press. The Education Department is sitting on more than 65,000 unapproved claims as it rewrites Obama-era rules that sought to better protect...

  • Donald Trump Jul 26, 2017

    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...

  • Massachusetts Jun 15, 2017

    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...

  • Donald Trump Nov 29, 2016

    For-Profit Colleges Expect Fortunes to Improve Under Trump

    After nearing collapse under the Obama administration, the for-profit college industry is celebrating Donald Trump’s election as a chance for a rebound. As stock prices for some of the nation’s largest college chains have surged, industry lobbyists say they have received a warm welcome from Trump’s transition team and already have launched a campaign to rebrand the embattled industry as...

  • Massachusetts Sep 6, 2016

    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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