Nineteen U.S. state attorneys general are suing Education Secretary Betsy DeVos for overturning an Obama-era rule designed to protect students from predatory education institutions. The 2014 gainful employment rule was created by the Obama administration to ensure that schools — many of them for-profit colleges —were denied access to federal aid if their graduates had weak career […]
Walmart (WMT) is expanding its educational benefits program to prepare its workforce for “future-proof and future-focused roles” through skilled trade training. In the summer of 2018, the big-box retailer began offering its 1.5 million U.S. associates debt-free...
The Department of Education (ED) changed its rules on how students defrauded by for-profit colleges seek debt relief, leading to a political fight to return the rule to its Obama-era form and a veto from President Trump in support of the rule change. And now consumer...
How did student loans go from a “sleepy backwater” in finance, dominated by private banks, to a major issue in the 2020 presidential race? Experts point to the way the finance industry seized on the opportunity to make money. “It was exactly like the mortgage crisis...
Consumer advocates are suing Education Secretary Betsy DeVos for her department’s failure to stop garnishing student loan borrowers’ wages, despite declaring that it would suspend wage garnishment on March 25. The class action suit was filed by Student Defense, the...
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