Senator Warren Asks Receiver of Closed For-Profit College Chain to Stop Collecting Student Debt
Inside Higher Education reports that candidate for the Democratic presidential nomination and Senator Elizabeth Warren (D-MA) has sent a letter to the receiver of Education Corporation of America (ECA), which ran a chain of for-profit colleges until the company closed last year, asking the receiver not to collect outstanding debt from former students of the chain. From Inside Higher Education: "Warren wrote that any attempts by the receiver to collect on student debts nearly a year after the campuses' closure would be deeply concerning. 'The receiver's apparent plan to sell these accounts receivable to third-party debt collectors to satisfy ECA's creditors is an unconscionable assault on the financial lives of former students, who have already suffered enough,' she wrote." In addition to Warren, the letter was co-signed by 11 Democratic members of Congress.