Big student debt with no job? Trump blocks California's fight on predatory colleges
Students who rack up debt attending for-profit colleges were supposed to get some additional protections this month.
If their school was found to have misled them into borrowing money to attend, a new rule would have simplified the process for seeking loan forgiveness.
It was the work of the Obama administration, which made it a mission over its two terms to rein in perceived abuses by the for-profit higher education sector: vulnerable students lured by the false promise of training programs that would quickly launch them into new careers, then left with worthless degrees and tuition bills they could never afford to repay.
But last month, U.S. Secretary of Education Betsy DeVos abruptly announced that she would postpone the change and seek a “regulatory reset.” She later delayed key provisions in another regulation targeting programs with poor employment outcomes, and plans to rewrite both of them.
Read more here: http://www.sacbee.com/news/politics-government/capitol-alert/article161253913.html
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