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
A proposed bill in California would prohibit security screening company CLEAR from skipping the general…
On Monday, the Supreme Court heard oral arguments over a challenge to a law allowing…
The Arizona House of Representatives failed to advance a repeal of the state's 160-year-old abortion…
Oregon Gov. Tina Kotek (D) signed a bill restoring criminal charges in cases of hard drug possession.…
President Joe Biden's administration announced the first-ever national limits on toxic "forever chemicals" in drinking water. This…
On Wednesday, the Senate dismissed the articles of impeachment against Homeland Security Secretary Alejandro Mayorkas. House…