A three-judge panel gave no reason for granting the emergency injunction sought by a trade group. Read more at straitstimes.com.
a rule that would make it easier for people who are defrauded by their schools to have their loans forgiven.
The three-judge panel gave no reason for granting the emergency injunction sought by the trade group, Career Colleges and Schools of Texas , which is appealing a lower court judge’s decision not to block the US Department of Education’s rule. The new rule offers greater grounds for borrowers to get debt relief in cases of fraud and establishes a procedure for the Education Department to forgive debt for groups of students at schools where this occurred.The Supreme Court in Junefor 43 million borrowers. The Democratic president has since announced plans to provide relief for student loan borrowers using a different approach.
Students who have received debt forgiveness through the programme on deceptive loans have attended for-profit colleges including Corinthian Colleges and ITT Technical Institute.
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