Update on Our Court Fights

Since for-profit college borrowers began fighting for debt relief in 2014, they have battled both democrats, republicans as well as loan servicers and collectors. Recently, some former Corinthian students finally started getting debt relief. While this is a good start, it is not enough. In fact, some borrowers are only…

ITT Tech Bankruptcy - FAQ

*UPDATE: On January 24, the Court approved the settlement described in this post. For information on how to submit a comment on the settlement to the Court, go here. Why did ITT Tech Declare Bankruptcy? ITT advertised itself as a quality school offering degrees that would change people’s lives.…

Debt Collective Statement on Defense to Repayment Negotiated Rulemaking

Next week, the Department of Education will hold the first in a series of meetings ("neg reg") on Defense to Repayment, the law that says students who were defrauded by their school have a right to have their federal loans cancelled. The Debt Collective will not be participating in this…

Taking DeVos to Court

Last month, a group of for-profit colleges sued the Department of Education over the defense to repayment (DTR) regulations we fought hard for. Obviously the Betsy DeVos-led Department of Education isn't exactly enthusiastic about defending these regulations. They're probably hoping to use this lawsuit as ammunition in their quest to…

Statement on the Trump Administration's Delay of Defense to Repayment

Today the Trump Administration announced that it would try to halt the new “Defense to Repayment” regulation put in place last year. This means that the vast majority of former for-profit students who are fighting for relief are getting screwed over by the same administration that promised to “drain the…