Sentences with phrase «profit college defrauded»
As we will prove in court, Donald Trump and his sham for - profit college defrauded thousands of students out of millions of dollars.»
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The Education Department's plan to provide only partial loan forgiveness to some students defrauded by for - profit colleges could reduce overall payments by about 60 percent, according to an analysis by The Associated Press.
But current and former officials with the department express concern that the loss of staff will compromise the department's ability to perform key functions, such as enforcing civil rights law and aiding debt - burdened students defrauded by for - profit colleges.
The DeVos Department of Education also removed Obama era protections for students at for profit colleges offering loan forgiveness when their schools shut down, and she plans for go further to make it far more difficult for defrauded students to get any kind of relief.
Tina Carr and Yvette Colon from the Sanford - Brown Institute, a for - profit college in New York, claimed they were defrauded by their education institution.
Since Betsy DeVos took office earlier this year, she has cast doubt about the preservation of landmark initiatives from the Obama administration concerning student loan relief of defrauded for - profit college students who were struggling with payments; more specifically, she has suggested changes to the Borrower Defense Rule.
In response, the Obama administration established a protection, the Borrower Defense to Repayment rule, that would grant full loan forgiveness to students who could prove they were defrauded by a for - profit college.
Many of these regulations were designed to streamline the student loan forgiveness process for students who attended for - profit colleges and claim to have been defrauded.
Some colleges, mainly for - profit entities, have been accused of defrauding students by inflating job placement statistics, allowing students to take out private loans at high interest rates and collecting debt illegally.
The representatives of for - profit colleges point out the «defense to repayment provision» from the Higher Education Act of 1965; this provision states that loans may be forgiven if college defraud can be proven.
Last June, Secretary of Education Betsy DeVos delayed the Borrower Defense Rule, a policy designed to offer loan relief to borrowers who had been defrauded by for - profit colleges.
Those regulations were set to be implemented on July 1, 2017 and expanded the federal student loan forgiveness program to certain cases were for - profit colleges had defrauded students.