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REUTERS/Yuri Gripas A judge ruled Betsy DeVos must testify in a case brought on by 160,000 defrauded students. The students claim DeVos mishandled a program to forgive loans for students defrauded by for-profit schools. Under Obama, the program had a 99.2% approval rate, but under DeVos, 99.4% of applicants were denied. As Education Secretary under President Donald Trump, Betsy DeVos was tasked with overseeing the loan forgiveness program for students defrauded by for-profit schools. But thousands of those students claim they didn t get the relief they deserved and have sued DeVos for her mishandling of the program. A judge just ruled that DeVos has to testify in court about it. ....
(U.S. Army/Sgt. 1st Class Gary A. Witte) These days, service members need to be wary of the multitude of online for-profit schools out to get a piece of their coveted Post-9/11 GI Bill benefits. Depending on which “academic institution” is looking to sign them up, the term “Results May Vary” doesn’t come close to describing some of the “schools” out there. But there are better choices for service members with non-traditional schedules who are looking for a good distance education to prepare them for life after the military. National University was founded by a veteran with similar issues and is today the second-largest nonprofit online school in America. ....
Read / Add Comments A $2.6 million agreement entered by the Pennsylvania Attorney General s office has alleviated student debt for 1,300 students. The agreement will result in the cancellation of approximately $2.6 million in private Pennsylvania student loans held by students who attended schools operated by the now-defunct Education Corporation of America, AG Josh Shapiro said. The defunct corporation abruptly closed due to its loss of accreditation and its failure to meet federal Department of Education financial requirements in December 2018. ECA operated Brightwood campuses in Philadelphia, Broomall, Harrisburg, and Pittsburgh before it shuttered. The agreement provides refunds of loan payments back to Pennsylvania borrowers by the Texas-based loan holder Elevation Capital Partners, LLC. ....
Nearly $3 Million In Student Loans Canceled For Students Who Attended Brightwood Career Institute CBS Pittsburgh 2 hrs ago Syndicated Local – CBS Pittsburgh By: KDKA-TV News Staff HARRISBURG, Pa. (KDKA) The Pennsylvania Office of Attorney General announced almost $3 million in student loan debt is being wiped clean. Josh Shapiro said he reached an agreement with the now-defunct Education Corporation of America to cancel $2.6 million in private loans for 1,300 students. The company ran five former Brightwood Career Institute locations in the state, including one in Pittsburgh. “When Education Corporation of America closed down, it left thousands of Pennsylvanians with no degree and a huge financial burden. Today we’ve reached an agreement, and cancelled millions of dollars in debt for Pennsylvanians,” said Attorney General Shapiro in a release. “Student loan debt is a life-altering hurdle for far too many in our Commonweal ....
$2.6 Million In Private Student Loans Will Be Forgiven Following A Settlement: Key Details forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.