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Press Releases

March 28, 2019
WASHINGTON, D.C. – Today, the Brookings Institution published a new research report by the Center for Responsible Lending (CRL) that explores how online programs from for-profit institutions negatively affect low-income students, particularly African Americans, veterans, and female heads of household. The report also addresses the trend of for-profit colleges going exclusively online or partnering with non-profit institutions to run their online programs. Read the report. Among the report's key findings: For-profits colleges enroll an outsized share of students that take...
March 26, 2019
WASHINGTON, D.C. – This week, U.S. Secretary of Education Betsy DeVos will testify before the House and Senate Appropriations Subcommittees, where she will need to explain her decision to drastically reduce funding for higher education programs, many that target low-income students, in the upcoming fiscal year. Today will be Secretary DeVos’ first time testifying before a Democratic-controlled House. On Thursday, she is scheduled to testify before the Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies. The proposed Department of...
March 26, 2019
WASHINGTON, D.C. – Today, U.S. Senators Maggie Hassan (D-N.H.) and Richard Durbin (D-Ill.) introduced the Preventing Risky Operations from Threatening the Education and Career Trajectories of (PROTECT) Students Act of 2019, a bill to protect higher education students by improving oversight and accountability of colleges and universities, particularly for-profit institutions. The bill would improve the 2014 Gainful Employment (GE) rule to ensure that graduates who attended for-profit institutions find good-paying jobs that will allow them to repay their federal student loans, and it would...
March 21, 2019
WASHINGTON, D.C. – Today, President Donald Trump signed an executive order addressing free speech, transparency and accountability on campus, a move that comes after conservative groups claimed their voices being silenced at colleges and universities throughout the country. Aside from ensuring that colleges receiving federal research or education grants promote free speech, the order directs the Education Department to publish program-level outcomes data to the College Scorecard, and submit a report that includes policy recommendations to the White House on student loan risk-sharing,...
January 29, 2019
Interactive Map and Fact Sheets for Each State Break Down the Numbers DURHAM, N.C. – Today, the Center for Responsible Lending (CRL) released “The State of For-Profit Colleges” with new data that largely show for-profit college students continue to be less likely to graduate than their counterparts at public or private nonprofit institutions. These student borrowers carry more debt regardless of whether they graduate, and they default on that debt at higher rates, often because a for-profit college degree does not provide the anticipated access to higher-paying jobs. In many states, the...
January 16, 2019
DURHAM, N.C. – New York Governor Andrew Cuomo included measures within his state budget proposal released today that would address abuses by for-profit colleges (PDF) and student loan servicers. (PDF) Advocates in the state have long pushed for these protections in light of the significant harms and costs to students and their families caused by abusive practices. Center for Responsible Lending Deputy Director of State Policy Lisa Stifler issued the following statement: We applaud Governor Cuomo for proposing strong measures to rein in abuses by for-profit colleges, which often...
January 7, 2019
State lawmakers should prevent such abuses before they occur DURHAM, N.C. – On Friday, New York Attorney General Letitia James and Department of Financial Services Superintendent Maria T. Vullo announced a settlement with ACS Education Services, now Conduent Education Services, that will require the student loan servicer to pay $9 million for deceiving student loan borrowers about their repayment options. Among other abuses, the officials found that ACS had overcharged military servicemembers and had failed to put borrowers into the income-based repayment plans for which many...
December 6, 2018
DURHAM, NC. – In response to the nation’s still-spiraling student loan debt, the Center for Responsible Lending (CRL) convened a day-long summit to examine the impacts and solutions for North Carolina. People from around the state gathered at the Durham Convention Center for this working conference and included a wide variety of stakeholders that included: banks, colleges and universities, as well as advocates representing older Americans, veterans, community developers, low-income residents and others. Throughout the day, people shared their own powerful and personal stories of how...
October 16, 2018
DURHAM, N.C. – A new Center for Responsible Lending (CRL) policy analysis calls for the State of New Jersey to protect student borrowers from abusive practices in the face of weakening federal protections. New Jersey, which ranked sixth in the nation for the level of debt carried by 2017 graduates, can take concrete steps to protect their citizens from the worst impacts of a student loan crisis that is rocking the nation. CRL is releasing the report as part of the New Jersey Citizen Education Fund’s 9th Annual Financial Reform Summit being held today in Newark....
October 3, 2018
WASHINGTON, D.C. – The U.S. Department of Education publicly announced that it would miss a November 1 deadline to issue new rules to replace Obama-administration rules known as Borrower Defense to Repayment and Gainful Employment. Under Secretary DeVos, the Department had sought to delay, suspend, and rewrite the rules designed to protect students and hold career and technical colleges accountable. The Center for Responsible Lending (CRL) and other students and advocates were deeply concerned about the Department’s new proposals, which significantly weakened oversight and recourse for...

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