Madigan Demands Education Secretary Devos Grant Relief for Student Borrowers

Lawndale News Chicago's Bilingual Newspaper - Education

Lawndale News Chicago's Bilingual Newspaper - Education

Attorney General Lisa Madigan, along with 20 other attorneys general, called on the U.S. Department of Education and Education Secretary Betsy DeVos to immediately discharge the student loans of eligible borrowers who attended schools that abruptly closed. Many of those schools were predatory, for-profit colleges. In the letter, Madigan and the coalition of attorneys general urge the Department to fulfill its obligation under federal regulations to provide immediate and automatic loan relief to borrowers who attended a school that closed on or after November 1, 2013, and who did not subsequently re-enroll in an eligible program within three years from the date the school closed. It is estimated that under federal regulations, tens of thousands of students nationwide who attended any of the 1,400 schools that closed in 2014 and 2015 are eligible for approximately $400 million in automatic debt relief. In Illinois, 145 schools closed in this timeframe, resulting in thousands of potentially eligible students. Students may be eligible for this automatic debt relief if they did not complete the program of study at a school either because the school closed while they were enrolled or because they withdrew not more than 120 days before the school closed.

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