Relief In Sight For Defrauded Student Borrowers
By Jane Greengold Stevens and Danielle Tarantolo, Co-Directors of Special Litigation Unit, New York Legal Assistance Group
In August, a federal court in Manhattan approved a historic settlement between the U.S. Department of Education and student loan borrowers who attended the “Wilfred Beauty Academy” in the 1980s and ’90s. The settlement brings the possibility of millions of dollars of relief to the approximately 60,000 students who were victimized decades ago by Wilfred—and by the department’s lax oversight of for-profit schools—and have been suffering ever since.
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