Dept. of Education to Cancel $150 Million in Student Loan Debt
Source: NBC News
By Dennis Romero, NBC News, Dec. 14, 2018 / 6:40 AM GMT. The U.S. Department of Education announced Thursday it would automatically cancel $150 million in student loans connected to for-profit colleges that closed in recent years. The move was made under an Obama-era policy that a federal judge in October essentially forced U.S. Secretary of Education Betsy DeVos to implement. The story was first reported by Politico.
The discharge of loans applies automatically to about 15,000 students who attended now-defunct colleges that closed between Nov. 1, 2013, and Dec. 4, 2018, according to the department's announcement. About half of those affected attended Corinthian Colleges, Inc., a chain that closed on April 27, 2015, the department stated.
Other students who attended recently closed campuses or who believe they were otherwise defrauded can still apply to have their loans canceled, the department said. The office of U.S. Sen. Patty Murray, D-Washington, the ranking member of the Health, Labor, Education and Pensions Committee, said DeVos was "still trying to rewrite the underlying rule" that sparked the loan cancellations.
In April, DeVos canceled memos published by the Department of Education under President Barack Obama that imposed tougher rules on how the federal government oversees student loan debt connected to for-profit colleges. California and other states sued. Murray's office said more 100,000 students have outstanding claims against the institutions in question. -MORE...
Read more: https://www.wxxv25.com/2018/12/14/dept-of-education-to-cancel-150-million-in-student-loan-debt/
'After Losing Court Battle, DeVos To Cancel $150 Million In Student Loan Debt,' Miami Herald, Dec. 13, 2018.
https://www.heraldmailmedia.com/news/usa_today/devos-to-cancel-million-in-student-loan-debt/article_985c200b-0f59-5663-bfa2-269b12b98a74.html
Citibank must now pay $6.5 million for allegedly harming borrowers with student loan servicing failures
= new reply since forum marked as read
If so, let the devotees that paid to go to this faux "college" pay pay pay!
Daddy tRump wants no other way!
More here: https://en.wikipedia.org/wiki/Trump_University
>>Trump University (also known as the Trump Wealth Institute and Trump Entrepreneur Initiative LLC) was an American for-profit education company that ran a real estate training program from 2005 until 2010. It was owned and operated by The Trump Organization. (A separate organization, Trump Institute, was licensed by Trump University but not owned by the Trump Organization.) After multiple lawsuits, it is now defunct. It was founded by Donald Trump and his associates, Michael Sexton and Jonathan Spitalny, in 2004. The company offered courses in real estate, asset management, entrepreneurship, and wealth creation.[2]
The organization was not an accredited university or college. It did not confer college credit, grant degrees, or grade its students.[3] In 2011, the company became the subject of an inquiry by the New York Attorney General's office for illegal business practices that resulted in a lawsuit filed in 2013.
Trump University was also the subject of two class action lawsuits in federal court. The lawsuits centered around allegations that Trump University defrauded its students by using misleading marketing practices and engaging in aggressive sales tactics. The company and the lawsuits against it received renewed interest due to Trump's candidacy in the 2016 presidential election. Despite repeatedly insisting that he would not settle, Trump settled all three lawsuits in November 2016 for a total of $25 million after being elected to the presidency.[4]
Seriously, We the People must dump tRump ASAP.
Seems everything with a $ on it goes back to dump.
Let the fools that support him PAY!
after 1.3.2019......................and after she commits perjury................. she gets indicted...................