for-profit schools

An appeals court ruled that the Education Department must forgive over 170,000 borrowers misled by for-profit schools, clearing $23 billion in debt relief and expanding eligibility to 450,000 borrowers. Federal student loan borrowers enrolled in automatic payments will receive a 1% interest rate reduction starting July 1, 2026, through June 30, 2028.

For-profit schools have misled students with false promises about job outcomes and graduation rates, leading to significant debt and worthless degrees. Federal agencies like the FTC have warned about these institutions, while loan forgiveness programs remain fraught with legal and bureaucratic challenges.

For-profit schools are accused of misleading students with false promises about high graduation rates, salaries, and corporate ties, leading to years of debt and worthless degrees. Federal loan forgiveness programs and legal battles have left many students in financial limbo.

For-profit schools are accused of misleading students with false promises about job prospects and education quality, leading to significant debt and unfulfilled career outcomes. Federal agencies have raised concerns about these institutions, and many students struggle with loan forgiveness processes despite schools failing to deliver on their commitments.