CNS News By Gerard Scimeca It’s no secret how many Democrats in Washington openly condemn private, for-profit and non-profit colleges and universities that offer students specific, career-focused degrees. Many Democrats in Congress work feverishly to shut these schools down, and they will only be happy with the education version of Obamacare, […]
NYTimes By Andrew Ross Sorkin January 8, 2019 Income Sharing Agreements are gaining the attention of higher education and Wall Street. One early success story is getting a boost from venture capital. What if there were a way to eliminate student debt? No, really. Student debt reached a new height last […]
Inside Higher Ed By Ashley A. Smith A federal judge approved a settlement Wednesday that erases more than $500 million in student debt held by former ITT Technical Institute students. The settlement also returns $3 million that was paid by students since the company filed for bankruptcy in 2016. The students were represented by the […]
National Association of Student Financial Aid Administrators By Allie Bidwell, NASFAA Senior Reporter California Attorney General Xavier Becerra announced last week, just three days after the Department of Education (ED) released proposed regulations for borrower defense to repayment, that the state had amended an existing lawsuit to establish that the state had […]
Chronicle of Higher Education by Andy Thomason The Education Department plans to repeal the gainful-employment rule, which sought to punish higher-education programs whose graduates bear a high level of student-loan debt, according to The New York Times and The Wall Street Journal.Experts had predicted that the education secretary, Betsy DeVos, aimed to weaken […]
Inside Higher Ed By Andrew Kreighbaum An Education Department plan to begin cutting large debt collection firms out of the student loan system is on hold after Congress warned against move. The Department of Education planned this month to begin reshaping the role of private debt collection firms in handling […]
National Review Anyone living in the Washington, D.C., metro area has surely seen or heard advertisements for the University of Maryland University College, an open-enrollment branch of the state’s university system. The school saturates the TV and radio airwaves, as well as city buses and the metro subway system, with […]
Inside Higher Ed By Andrew Kreighbaum The Obama administration for years battled with the for-profit sector over a rule that would hold higher ed programs accountable for graduating students with debt they couldn’t repay. That rule, known as gainful employment, applied to all career education and certificate programs, and the first […]