This week, the U.S. Department of Education announced the creation of a new Enforcement Unit to target colleges and universities that engage in misconduct and deceptive practices. The new unit will be comprised of three components:
- An investigative team that will audit colleges and universities;
- A sanctions board that will punish colleges and universities who engage in misconduct (presumably by cutting off federal student aid, which often is key to funding these schools); and
- A team of attorneys to review requests by borrowers for student loan forgiveness based on unfair and deceptive practices by schools.
Some other key facts about this new unit:Read More