DeVos’ Student Loan Relief Formula Scheme Shortchanges Defrauded Borrowers
WASHINGTON, D.C. – Today, U.S. Secretary of Education Betsy DeVos released a student loan debt relief formula that undercuts defrauded borrowers, particularly those who went to ITT Tech and Corinthian Colleges. The flawed and convoluted methodology, which will be applied to the more than 200,000 outstanding claims pending review by the department, seeks to make it difficult for students to get relief. Center for Responsible Lending (CRL) Senior Policy Counsel Ashley Harrington released the following statement: Once again, Secretary DeVos has demonstrated that her goal is to protect predatory