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mfcorey1

(11,001 posts)
Sat Nov 9, 2019, 06:08 AM Nov 2019

Facing lawsuit, DeVos erases student loans for 1,500

Facing a federal lawsuit and mounting pressure to act, Education Secretary Betsy DeVos on Friday said she will forgive loans for more than 1,500 borrowers who attended a pair of for-profit colleges that shut down last year
.
Students who attended the Art Institute of Colorado and the Illinois Institute of Art from Jan. 20, 2018, through the end of last year will have their federal student loans canceled, DeVos said, and students who attended another 24 schools owned by the same company can get loans erased if they enrolled after June 29, 2018.

The decision involves schools under the chain of Dream Center colleges, which collapsed last year and shuttered campuses across the nation.

DeVos has faced mounting criticism over her handling of federal loan forgiveness programs, which were expanded by the Obama administration following the collapse of the Corinthian Colleges and other for-profit college chains accused of lying to students to get them to enroll.

Under DeVos, the Education Department has stopped processing claims from students who say they were defrauded by their schools, leaving tens of thousands of borrowers in limbo as they seek loan cancellations. DeVos has also moved to tighten eligibility rules, prompting backlash from Democrats and a flurry of lawsuits from students and advocacy groups.

https://www.msn.com/en-us/news/us/facing-lawsuit-devos-erases-student-loans-for-1500/ar-BBWugpl?li=BBnb7Kz&ocid=mailsignout

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Facing lawsuit, DeVos erases student loans for 1,500 (Original Post) mfcorey1 Nov 2019 OP
One hopes that Sherman A1 Nov 2019 #1
I despise that woman. smirkymonkey Nov 2019 #2
Cruella DeVos........... MyOwnPeace Nov 2019 #3
That's the only time the scumbag DeVos family will do what's right. llmart Nov 2019 #4

llmart

(15,536 posts)
4. That's the only time the scumbag DeVos family will do what's right.
Sat Nov 9, 2019, 09:24 AM
Nov 2019

When they're facing a lawsuit and in danger of losing their millions.

I always refer to them as the "Scamway family".

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