Education Department unveils new loan forgiveness website, expert calls it ‘a distraction’ – Yahoo! Finance
The Education Department (ED) has created a new website for borrowers who are seeking debt relief after being defrauded by a college.
But one expert involved in litigating these borrower defense claims said the changes were mostly cosmetic.
“Throughout this administration, what we’ve seen is the substitution of process for substance,” Toby Merrill, director of the Project on Predatory Student Lending at Harvard Law School, told Yahoo Finance.
“None of the actions that the department has undertaken has been providing relief to borrowers,” she added, “and that’s the only thing that they need. I think this is a distraction — this is purposeful distraction.”
The new website attempts to improve the borrower defense process, which involves former students of allegedly predatory schools seeking loan forgiveness.