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Tag: Ed Department


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Ed Department strikes $6B settlement with students who attended for-profits

June 23, 2022

Via: Higher Ed Dive

The settlement agreement could bring to a close a yearslong legal dispute over hundreds of thousands of borrower defense claims. The list of institutions whose borrower defense claimants will receive automatic relief is wide-ranging — it includes currently operating colleges, […]


Economics&Strategies, Education Economics

Consumer groups seek to force Ed Department to forgive Westwood College students’ loans

May 24, 2022

Via: Higher Ed Dive

The lawsuit is at least the second complaint filed against the Ed Department in recent months seeking to resolve outstanding group borrower defense claims. The borrower defense rule allows students whose institutions defrauded them to have their federal student loans […]


News

Ed Department finds closed for-profits owe over $6M

August 10, 2021

Via: Education Dive

The Education Department cast Tuesday’s announcement as a shot across the bow at irresponsible postsecondary providers. “Schools that engage in bad behavior or that suddenly close their doors, leaving students out in the cold, will be held accountable, and we […]


Economics&Strategies, Education Economics

National American gets $8.5M loan from CollegeAmerica parent

May 24, 2019

Via: Education Dive

National American said it asked the Ed Department to reconsider the amount of Title IV awards it would need to back with a letter of credit. The department initially asked for a letter of credit for either 50% ($36.7 million) […]


News

Ed Department officials say their focus is on better college data, less regulation

September 25, 2018

Via: Education Dive

The higher education industry is not only weighing what kind of data to share with potential students and their families but also how extensive it should be. For this year’s “best college” rankings, U.S. News & World Report dropped acceptance […]


Economics&Strategies, Education Economics

ITT trustee sues Ed Department, lenders to help pay $1.5B in claims

September 24, 2018

Via: Education Dive

For-profit colleges in recent years have been the subject of controversy — at first drawing criticism and stricter regulations from the Obama administration for alleged unfair marketing and loan practices and, at times, the poor quality of the instruction. More […]