'They're just preying on people's hopes': The battle over job-training deals
Are the deals to finance training and education just predatory loans? State attorneys general and federal regulators claim they can be.
Source: marketwatch.com
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A federal watchdog is suing a tech boot camp, accusing it of loading students up with 'predatory' debt and telling them it could collect 'more than the consumer legally owed'
The CFPB and state attorneys general sued the boot camp Prehired, saying it "falsely" claimed that its income-share loans didn't create any debt.
Source: yahoo.com
Philanthropy Should Redirect Anger at the Supreme Court Toward Solving Underlying Social Problems
Rulings on affirmative action, loan forgiveness, and LGBTQ rights should spur the nonprofit world to double down on efforts to address the larger problems of race, discrimination, and education.
Source: philanthropy.com
ISA provider Better Future Forward strikes compliance plan with regulators at CFPB
Higher Education News
Source: highereddive.com
Bill targeting income-share agreements reintroduced
The bipartisan bill would create new guardrails for income-share agreements used in higher education programs and is supported by ISA providers. Critics, however, view ISAs as a predatory form of financial aid and a bad solution to making college affordable.
Source: insidehighered.com