(Source: CAPPS - California Association of Private Postsecondary Schools) TIME. Unbeknownst to many, the Department of Education is close to finalizing a rule change that would dramatically ease higher-education loan forgiveness. would make it easier for current and former students to sue their college-either individually or by class action-if they believe that they've been defrauded. At first glance, this seems reasonable. Except that the rule somehow does not ask the colleges themselves to pay up. Instead, it could leave taxpayers on the hook for billions of dollars in student loans. Allegations of fraud are not uncommon in higher education. Some college recruiting materials are among the...
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