A lawsuit filed in October of 2019 will allow some of the 26,000 affected students opportunities to have their loans canceled through the Education of Department’s closed-school discharge program.
The House Education and Labor Committee says it has evidence that suggests the Trump administration helped the failing for-profit colleges lie to students about accreditation as their systems collapsed.
Under the Closed School Discharge program, students were supposed to have their debts forgiven. That didn’t happen, leaving them with tens of thousands of dollars in limbo.
Dream Center, a Christian nonprofit with no experience in higher education, has imploded, taking thousands of students — and millions in student loans — down with them.