institutional misconduct
Coverage of institutional misconduct in the Nexus archive.
- 450,000 student loan borrowers may get debt forgiven in $23B settlement
A $23 billion class-action settlement with the Department of Education may forgive debt for 450,000 student loan borrowers. The lawsuit, led by an advocacy group in 2019, alleged that schools misled students with false promises about education outcomes. The Trump administration delayed the settlement, but a federal appeals court recently denied its request to postpone borrower applications.
- 450,000 student loan borrowers may get debt forgiven in $23B settlement
A $23 billion class-action settlement with the Department of Education could forgive debt for 450,000 student loan borrowers. The lawsuit, initiated in 2019 by an advocacy group, accused dozens of now-closed schools of institutional misconduct, including misleading students about career outcomes and credit transferability. A federal appeals court denied a Trump administration request to delay the settlement, potentially allowing 200,000 more borrowers to qualify if they applied by Nov. 15, 2022.