Misled by For-Profits? Know Your RightsNovember 22, 2016 | :
by Jeff Gitlen
Student loan debt has reached crushing proportions in the U.S. As of 2016, student loan borrowers owe almost $1.3 trillion in aggregate, with an average debt per person exceeding $29,000. That’s quite a burden, even if you do receive an excellent education in the process. But what if you don’t?
The U.S. Department of Education has just announced final regulations to provide relief to students who feel they were misled by their schools’ promises, or who attended a school that shut down. These new rules started taking effect on November 1, and are fully effective on July 1, 2017.