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Fri Aug 30, 2019, 09:43 PM

DeVos tightens rules for forgiving student loans

Source: Politico





By MICHAEL STRATFORD

08/30/2019 08:24 PM EDT


Education Secretary Betsy DeVos on Friday finalized rules that make it more difficult for federal student loan borrowers to cancel their debt on the grounds that their college defrauded them, scaling back an Obama-era policy aimed at abuses by for-profit colleges.

The rules, which the Trump administration weighed for more than a year, set a more stringent standard for when the Education Department will wipe out the debt of borrowers who claim they were misled or deceived by their respective colleges.

The overhaul of the rules — called “borrower defense to repayment” — is a response to conservative criticism that the current federal standards, set by the Obama administration, are too lenient and expensive for taxpayers. The Obama-era rules were written following the collapse of for-profit college company Corinthian Colleges in 2015, when tens of thousands of former students flooded the Education Department with requests for loan forgiveness.

DeVos previously said those standards allowed students to raise their hands and receive “free money” from the government. For-profit colleges have also long criticized the rules as unfair. .....................................

Read more: https://www.politico.com/story/2019/08/30/devos-forgiving-student-loans-1697959



Without sane AG's many are doomed.



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Attorney General Becerra: Secretary DeVos’s Spineless Replacement for Borrower Defense Rule Designed to Benefit Predatory For-Profit Schools, Not Students


Press Release Attorney General Becerra: Secretary DeVos’s Spineless Repl…


Friday, August 30, 2019
Contact: (916) 210-6000, agpressoffice@doj.ca.gov

SACRAMENTO – California Attorney General Xavier Becerra today issued the following statement in response to an announcement by the Department of Education of its proposal to replace the Borrower Defense Rule. The proposed rule would make it more difficult for college students to seek relief after being defrauded by for-profit schools:

“Secretary DeVos’s spineless replacement rule stacks the deck in favor of predatory, for-profit schools and lenders over the students she is sworn to serve,” said Attorney General Becerra. “Far from defending the rights of borrowers, this rule makes the process of seeking relief more difficult, if not completely impossible. Secretary DeVos’s utter contempt for students under her watch is disgraceful. We’re prepared to fight this rule and to defend students against an agency that continually fails to protect them.”

Attorney General Becerra has relentlessly fought for the rights of student borrowers and elevated the issues within the Department of Education under the watch of Secretary DeVos. In July 2017, Attorney General Becerra joined a coalition attorneys general in filing a lawsuit against the Department of Education for unlawfully delaying the implementation of the rule. Later that month, he criticized the department for proposing a new rulemaking process to replace the rule. Attorney General Becerra then filed a lawsuit on December 14, 2017 against the Department of Education and Secretary DeVos for refusing to process debt relief claims under the rule submitted by tens of thousands of students who took out federal student loans to attend Corinthian Colleges. In July 2018, Attorney General Becerra decried the Trump Administration’s attempt to gut the original Borrower Defense Rule and in August 2018 he led a coalition to submit comment. In October 2018, and again in August 2019, Attorney General Becerra called on Secretary DeVos and Federal Student Aid Acting Chief Operating Officer Jim Manning to address the 99 percent denial rate for Public Service Loan Forgiveness applications. This program helps student loan borrowers who aspire to give back to their country or community by working in a public service field. In May 2019, he sent a letter urging the Department of Education to discharge the student loans of tens of thousands of veterans who were disabled as part of their service, by developing an automatic discharge program.
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State of California Department of Justice - Office of the Attorney General
State of California Department of Justice
Office of the Attorney General

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Reply DeVos tightens rules for forgiving student loans (Original post)
riversedge Aug 2019 OP
bronxiteforever Aug 2019 #1
Demovictory9 Aug 2019 #2
lunasun Aug 2019 #4
B Stieg Aug 2019 #3
CTyankee Aug 2019 #5

Response to riversedge (Original post)

Fri Aug 30, 2019, 10:41 PM

1. DeVos has a Cayman-registered yacht. So registered to avoid US taxes

She has no time for loser students who have to take loans to go to school.

This DeVos's yacht is reportedly one of 10 in the family's fleet and is worth $40 million.

https://www.newsweek.com/betsy-devos-cayman-islands-taxes-yacht-flag-foreign-donald-trump-america-1061960

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Response to riversedge (Original post)

Fri Aug 30, 2019, 11:41 PM

2. i cant believe she is still the ed secretary

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Response to Demovictory9 (Reply #2)

Sat Aug 31, 2019, 03:53 AM

4. Why? She will endure because she is an almost perfect deplorable .

Plus, even before her confirmation, Devos +family were known big fundraisers for the R party
All good stuff for this WH

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Response to riversedge (Original post)

Sat Aug 31, 2019, 03:35 AM

3. Is De Voss the champion swamp creature?

Although Wilbur Ross is his own kind of corruption...

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Response to riversedge (Original post)

Sat Aug 31, 2019, 04:03 PM

5. One word for her: SCUM!

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