Students Defrauded by For-Profit Colleges Now Eligible for Financial Relief
SACRAMENTO – Attorney General Becerra today issued the following statement in response to the U.S. District Court ruling reinstating the Borrower Defense Rule. The ruling grants immediate relief to students of now-defunct schools who were enrolled when their schools closed, and who otherwise meet the requirements for closed school discharge.
“Today, the court ruled that the Borrower Defense Rule must immediately go into effect. That means tens of thousands of students defrauded by for-profit colleges are now eligible for financial relief,” said Attorney General Becerra. “While Betsy DeVos and the U.S. Department of Education have been doing the bidding of for-profit colleges, they now must implement this rule, and put first the students they are sworn to protect. While we are pleased with this decision, we know the fight is not over; our work continues to get student loan borrowers the relief they are owed and to hold accountable predatory for-profit schools.”
Attorney General Becerra has defended defrauded student borrowers and the Borrower Defense Rule at every turn:
A copy of the decision can be found here.