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For Profit Institutions

All articles tagged with #for profit institutions

education2 years ago•1 min saved

Supreme Court upholds $6 billion student loan debt settlement.

The Supreme Court has declined to halt a legal settlement that would cancel over $6 billion in student loan debt from borrowers who claim they were misled by their schools, mostly for-profit institutions. The settlement was reached last year after a class-action suit from nearly 200,000 borrowers against the Department of Education in 2019. The decision is not related to a challenge to President Biden's attempts to cancel up to $20,000 in student loan debt for 40 million Americans.

via The Hill|

#education #for-profit-institutions #legal-settlement

education2 years ago•1 min saved

Supreme Court upholds $6B student debt relief settlement.

The Supreme Court rejected an emergency plea from three schools to block a $6 billion legal settlement that will cancel student loans for hundreds of thousands of borrowers who say they were misled by their schools. The settlement was approved last year by a U.S. District Judge in response to complaints that over 150 schools had made false recruiting claims and left many students unable to find jobs. The Biden administration is also planning to wipe away $400 billion in student debt held by over 40 million people, with a decision expected by late June.

via PBS NewsHour|

#biden-administration #education #for-profit-institutions