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Tag: Defrauded

Defrauded students are still waiting for debt forgiveness from Betsy DeVos

Defrauded students are still waiting for debt forgiveness from Betsy DeVos

Finance
File photo of an ITT Technical Institute campus in Anaheim, California.Susan Goldman | Bloomberg | Getty ImagesWhen Morgan Marler's 5-year-old daughter, Lilian, asks her why she doesn't work anymore, Marler doesn't know what to say. "I can't explain debt to her," Marler, 29, said. "And how I went to school and it was all for nothing."Marler attended ITT Technical Institute, a now-shuttered for-profit school, between 2013 and 2016. The school has since been found to have misled students with false advertisements. Marler, for her part, was told students typically went on to make $ 70,000 a year. After she graduated, the best jobs she could find were at call centers that paid $ 10 an hour — less than she'd been making before she enrolled at the school.Her associates degree at ITT left her wit...
Defrauded student loan borrowers in limbo in wake of judge's ruling

Defrauded student loan borrowers in limbo in wake of judge's ruling

Finance
A tug-of-war between student borrowers hoping to get tens of thousands of dollars in loans they took out for their education discharged and the government may be a step closer to resolution. A federal judge ruled this week that repeated delays by Education Secretary Betsy DeVos of an Obama administration plan to provide debt relief to defrauded borrowers was unlawful. Judge Randolph D. Moss, a federal judge in Washington, D.C., said on Wednesday the Department's action was arbitrary and capricious. "We think this is an incredibly ...