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Showing posts with label Betsy DeVos. Show all posts
Showing posts with label Betsy DeVos. Show all posts
Monday, March 24, 2025

Trump moves student loan administration to the SBA. You got a problem with that?

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  Last month, The Wall Street Journal reported that 43 percent of borrowers who owe on their student loans weren't making payments. Acc...
1 comment:
Monday, November 14, 2022

A Federal Court in Texas Blocks Biden's Student-Loan Forgiveness Plan. It May Be Years Before Student Debtors Know Whether the Plan is Legal

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 President Joe Biden made a campaign pledge to forgive $10,000 in federal student loans. In August 2022, Biden announced that he would fulf...
2 comments:
Sunday, March 13, 2022

How Screwed Up is the Federal Student Loan Program? We Can Tell You, But Then We'd Have to Kill You!

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  Betsy DeVos, the Wicked Witch of the Midwest, was perhaps the most despised member of President Trump's cabinet. As Trump's Educat...
Tuesday, May 4, 2021

Independent expert predicts student loan program will lose a half trillion bucks: Is he right?

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  In 2018, Education Secretary Betsy DeVos hired Jeff Courtney , a former JP Morgan executive, to do a forensic analysis of the federal stud...
Monday, February 22, 2021

Politicians want $50,000 in student-debt relief: A good idea?

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  Top Democrats, led by Senators Chuck Schumer and Elizabeth Warren , are calling on President Joe Biden to forgive student-loan debt up to ...
Monday, February 1, 2021

Young v. Grand Canyon University: Eleventh Circuit rules doctoral student is not compelled to arbitrate his claim against a for-profit university

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 Donrich Young enrolled in a doctoral program at Grand Canyon University based on his understanding that he could finish the program by taki...
Saturday, October 3, 2020

Leary v. Great Lakes Educational Loan Services: Bankruptcy judge slaps student-loan servicer with a $378,000 contempt sanction

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 A few weeks ago, Bankruptcy Judge Martin Glen slapped a huge contempt penalty on Great Lakes Educational Loan Servicers--$378,629.62! Why? ...
Saturday, May 9, 2020

Income-Based Repayment Plans for Student Debtors: Flushing Money Down the Toilet

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Congress has been dropping "helicopter money" into the national economy--adding significantly to the national debt, which now exc...
Tuesday, May 5, 2020

Betsy DeVos sued for seizing student borrowers' paychecks in violation of the CARES Act: "We don't care. We don't have to."

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Betsy DeVos, President Trump's Education Secretary, doesn't just think she's above the law. She IS above the law. A few days a...
Sunday, May 3, 2020

Rodger Love v. U.S. Department of Education: Betsy DeVos wears no clothes (metaphorically speaking)

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According to  Urban Dictionary , "The Emperor Wears No Clothes," is a phrase "often used in political or social contexts for ...
Thursday, April 30, 2020

Massive student-loan forgiveness is now a mainstream idea: Even Al Jazeera is on board

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Around 45 million Americans owe a total of $1.6 trillion in student loans, and approximately 20 million of those debtors are not paying the...
Wednesday, April 29, 2020

Coronavirus bailouts for the casinos but nothing for harried student-loan debtors: Let'em eat cake!

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Congress turned on the money spigot last month and spewed out cash to millions of people and businesses that were hurt by the coronavirus ...
Saturday, March 14, 2020

President Trump waives interest on student loans "until further notice": Woefully inadequate relief for distressed student-loan borrowers

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In yesterday's speech on the coronavirus crisis, President Trump announced he is temporarily waiving interest on all federal student lo...
Wednesday, March 11, 2020

Calvillo Manriquez v. Devos: Judge Sallie Kim holds U.S. Department of Education in contempt for failing to abide by her injunction in the Corinthian Colleges case

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Corinthian Colleges, a for-profit chain of colleges, went bankrupt in 2015 under a shower of fraud accusations. More than 100,000 former st...
Sunday, January 19, 2020

Trump Administration is "woke" to the student-loan crisis: What can it do in 2020?

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Love 'em or hate 'em, student-loan debtors owe a debt of gratitude to Bernie Sanders and Elizabeth Warren for putting the student-l...
1 comment:
Monday, November 18, 2019

Pew Foundation says one out of four student-loan borrowers default within 5 years: But we already knew that.

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The Pew Foundation issued a report recently with this snoozer title: Student Loan System Presents Repayment Challenges .  Really? That'...
1 comment: