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Obama Administration Urges No Bankruptcy Relief For Student Debt

11/25/2015

By Amy R. Connolly - upi.com

The Department of Education filed a motion urging a bankruptcy court not to provide relief for a 65-year-old man with more than $220,000 in federal student loans, saying he still has plenty of opportunities to find work and pay them off...

Joe Biden Backed Bills To Make It Harder For Americans To Reduce Their Student Debt

11/25/2015

By David Sirota - International Business Times

Vice President Joe Biden played a key role in the financial industry’s four-decade campaign to eliminate bankruptcy protections for student debtors. Above, Biden takes a selfie with students during a visit to the Miami Dade College where he spoke about the importance of helping more Americans go to college...

The Problem With The Justice Dept's Settlement With EDMC

11/23/2015

By Stephen Burd - edcentral.org

The Department of Education has the authority to discharge the federal student loan debt of students who are the victims of fraud—and they are doing so or at least planning on doing so in the case of students who attended the now-bankrupt Corinthian Colleges. However, in the case involving the Education Management Corporation (EDMC), the Justice Department reached a settlement with the for-profit college company, without EDMC having to admit to doing any wrongdoing. As a result, it is going to be much harder for students to have the proof they need to get their loans discharged than if the case had gone to trial and the Justice Department had prevailed.
Over the last decade, there have been dozens of such settlements with for-profit college companies – in which...

For-Profit College System To Pay Up

11/23/2015

By Ixia Johnson - highlandernews.org

A $102.8 million loan-forgiveness program and $95.5 million settlement have been drawn up after the Education Management Corporation (EDMC) was accused of using unlawful student recruitment programs.
EDMC currently exists as the second-largest chain of for-profit education in the United States, after Laureate International Universities. With over 100 campuses operating in the United States and Canada, this corporation includes the Art Institutes, Brown-Mackie...

State Sues Argosy University, Brown Mackie College, Art Institutes

11/23/2015

By Andria Simmons - The Atlanta Journal-Constitution (ajc.com)

They enrolled with hopes of earning a college degree and a more promising future.
But broken promises and mountains of debt were all that many students walked away from Argosy University, Brown Mackie College and Art Institutes came away with, according to an investigation...

2 Whistleblowers Described Life At A College 'Recruitment Mill' That Paid A Record $95 Million Settlement

11/19/2015

By Abby Jackson - Business Insider

Education Management Corporation (EDMC) is paying $95.5 million to settle a case alleging it falsely obtained federal and state education funds...

For-Profit College System Expected to Pay Millions

11/19/2015

By Stephanie Saul - The New York Times

The nation’s second-largest for-profit college operator, Education Management Corporation, is expected to agree to pay nearly $90 million to settle a case accusing it of compensating employees based on how many students they enrolled,...

Students Across America Protest Debt In Million Student March

11/16/2015

Posted on www.rt.com

Over one hundred campuses across the United States are participating in a march against student debt and for free public college...

Westwood College To Forgive $15M In Loans To Criminal Justice Students

11/13/2015

By Jason Knowles and Ann Pistone

There are major developments affecting area students in an investigation of for-profit colleges, the ABC7 I-Team is reporting exclusively. The Illinois attorney general has reached a multimillion-dollar agreement with Westwood College...

How the Explosion of the For-Profit Career Colleges Are Swindling Students and Draining the Country's Coffers

11/13/2015

By Danny Weil / CounterPunch

Co-founder of Alta Colleges Inc., Kirk Riedinger chuckled to a reporter in 2002 as he looked back at the company he helped found. In an interview in the Denver Business Journal, June of that year, Riedinger was quoted, sniggering: "We didn't have two nickels to our name."...

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