Department of Education has let colleges off the hook for $1 billion owed to taxpayers
The federal government has failed to collect more than $1 billion in fines and other money owed by colleges, most of which is owed by for-profit institutions, according to a report released by a non-profit advocacy group.
There are nearly 1,300 colleges that owe money to the Department of Education as of February, according to the National Student Legal Defense Network’s review of a series of documents it obtained over two years through Freedom of Information Act requests.
The group, founded by former Department of Education officials, asserts that the agency has failed for years to use all the tools it has to collect money from the colleges and their owners while requiring students to continue paying their debt.
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