News

Trump Vetoes Bill That Helps Defrauded Students To Get Loan Forgiveness

On Friday, President Donald Trump vetoed a measure to stop Education Secretary Betsy DeVos‘ new rule scheduled to be effective on July 1, which will make it harder for the defrauded students to have their federal loans erased.

DeVos has been pushing to amend the standard on how defrauded students could get loan forgiveness. The new rule DeVos argues will make it harder for the victims to get their loans forgiven  than the standard initially made during the Obama administration.

The move to stop DeVos from implementing her new rule was sponsored by Rep Susie Lee (D-Nevada).

“It’s clear the 2019 rule will weaken both protections for students and oversight of shady schools while forcing taxpayers to foot the bill for the fraudulent actions of a few bad actors,” Lee said.

Subscribe to our free weekly newsletter!

A week of political news in your in-box.
We find the news you need to know, so you don't have to.

DeVos has been defending her new rule by suggesting that it would save an estimate of $11 billion over the next decade.

The loan forgiveness rule was made during President Barack Obama‘s administration, which erased debts of students affected by Corinthian Colleges and ITT Tech, institutions that closed down in 2015 and 2016, respectively.

Trump’s decision to veto may lead to a backlash from veterans. Veteran communities have been asserting that the discharged vets who seek higher education are among the main targets of fraudulent schools.

CORONAVIRUS FAQ: WIKI OF MOST FREQUENTLY ASKED QUESTIONS 

Dongyoon Shin

Share
Published by
Dongyoon Shin

Recent Posts

Trump’s DNI Tulsi Gabbard Posts ‘Strange’ Video Warning Of ‘Nuclear Holocaust’; ‘Needs To Change Her Meds,’ GOP Senator Advises

Tulsi Gabbard, the Director of National Intelligence (DNI), posted a video to X, a social…

14 hours ago

GOP Rep. Mary Miller Slammed For Criticizing Sikh Man Delivering Prayer In Congress, Confusing Him With A Muslim

A Republican congresswoman is facing bipartisan backlash after calling a Sikh's deliverance of a morning…

14 hours ago

After Robert F. Kennedy Jr. Fires Members Of Vaccine Advisory Board, Experts Warn About Politicization Of Science

Health and Human Services Secretary Robert F. Kennedy Jr. announced that he was removing all…

15 hours ago

Musk Apologizes To Trump For X Outburst Linking Him To Jeffrey Epstein

Tesla CEO Elon Musk has apologized for his public falling out with President Donald Trump.…

19 hours ago

Democratic Sen. Chris Murphy Launches PAC To Fight Trump Agenda Amid Reports Of ’28 Presidential Bid

Sen. Chris Murphy (D-Connecticut) has launched a new political action committee (PAC), the American Mobilization…

20 hours ago

Fox News Analyst Britt Hume Refutes Trump’s Claims About Ukraine, Saying It Has ‘Quite A Few Cards To Play’

Brit Hume, the Fox News chief political analyst, contradicted President Donald Trump's statement to the…

22 hours ago