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Press Releases

December 10, 2019
WASHINGTON, D.C. – Today, the U.S. House of Representatives passed the FUTURE Act, a bill to extend important mandatory funding for Historically Black Colleges and Universities (HBCUs), Hispanic Serving Institutions (HSIs), Tribally Controlled Colleges or Universities (TCUs), and Minority-Serving Institutions (MSIs) that expired in September. The legislation is expected to get the U.S. Senate’s final approval. The bill includes a Senate agreement to permanently reauthorize $255 million for these higher education institutions and the FAFSA Act, a measure that makes it simpler for the...
December 10, 2019
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...
December 10, 2019
WASHINGTON, D.C. – The Federal Trade Commission (FTC) announced today that the University of Phoenix, owned by Apollo Education Group, must pay $191 million to settle federal charges that it used false advertisement to lure its students with job placement promises at major U.S. corporations. The FTC said it was the largest settlement ever reached against a for-profit school. Whitney Barkley-Denney, a senior policy counsel at the Center for Responsible Lending (CRL), released the following statement: University of Phoenix used billions of taxpayer dollars to create an ad campaign based...
December 5, 2019
WASHINGTON, D.C. – Today, the U.S. Senate passed a bipartisan agreement to permanently reauthorize $255 million for Historically Black Colleges and Universities (HBCUs), Tribal Colleges and Universities (TCUs), Hispanic-Serving Institutions (HSIs), and other Minority-Serving Institutions (MSIs). The agreement amends the FUTURE Act, a bill that passed the House in September. The proposal also includes the FAFSA Act, a measure that makes it simpler for the Department of Education and the Internal Revenue Service (IRS) to share student tax data. This would help streamline the financial aid...
October 31, 2019
WASHINGTON, D.C.— Today, the U.S. Department of Education released the final version of federal regulations for accreditation and state authorization for online institutions. Set to take effect in July 2020, the new rules would lead to a spiraling decline in the quality of the nation’s higher education system, costly and fruitless expenditures of student time and money, and a cost of up to $3.8 billion to U.S. taxpayers. The Department’s final rule does not reflect the consensus reached during the negotiated rulemaking earlier this year. "By weakening the accreditation system, the...
October 25, 2019
Continuing state action will hasten fair practices across the industry DURHAM, N.C. – A new wave of state legislation passed in 2019 continues the trend of states addressing abuses in the student loan servicing industry, according to a report by the Center for Responsible Lending (CRL) titled, Stepping Up: States Move to Hold Student Loan Servicers Accountable. The analysis notes that, since 2015, thirteen states have passed reforms to address the practices of companies that provide the crucial link between student borrowers and successful repayment of their loans. Those states include...
October 15, 2019
WASHINGTON, D.C. – Today, the U.S. House of Representatives Committee on Education and Labor introduced the College Affordability Act, a bill to lower the costs of college for students and improve the quality of education. The bill includes important provisions to make quality higher education more accessible and affordable for students and families, including indexing the Pell Grant to inflation, extending federal aid eligibility to DACA recipients and Pell Grants to individuals who are incarcerated, creating a path to debt-free community college through the America’s College Promise...
October 2, 2019
WASHINGTON, D.C. – Strong majorities across political parties show concern about the level of student debt in the United States and oppose the Department of Education’s and the Consumer Financial Protection Bureau's (CFPB) recent actions to weaken protections for students, according to a new poll released by Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL). The poll was conducted by the bipartisan team of Lake Research Partners and Chesapeake Beach Consulting. View the polling memo showing voter opposition to recent Department of Education and CFPB actions...
September 26, 2019
WASHINGTON, D.C. – Today, U.S. Senator Lamar Alexander (R-TN), chair of the Senate Health, Education, Labor, and Pensions Committee (HELP) Committee, unveiled a package of eight bills to rewrite parts of the Higher Education Act. This action comes after Alexander once again blocked consideration of the Fostering Undergraduate Talent by Unlocking Resources for Education (FUTURE) Act, which would have extended a two-year mandatory funding for Black Colleges and Universities (HBCUs), Hispanic Serving Institutions (HSIs), Tribally Controlled Colleges or Universities (TCUs), and Minority-Serving...
September 19, 2019
WASHINGTON, D.C. – Today, Senator Lamar Alexander (R-TN), chair of the Senate Health, Education, Labor, and Pensions Committee (HELP) Committee, blocked consideration of the Fostering Undergraduate Talent by Unlocking Resources for Education (FUTURE) Act. The bipartisan bill, introduced by Senator Doug Jones (D-AL) and Senator Tim Scott (R-SC), extends important mandatory funding for Historically Black Colleges and Universities (HBCUs), Hispanic Serving Institutions (HSIs), Tribally Controlled Colleges or Universities (TCUs), and Minority-Serving Institutions (MSIs) set to expire at the end...

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