DeVos Rules Would Cut Estimated $13B in Student Loan Relief

[appalachiablue]

Source: Associated Press

Students who are defrauded by their schools would have a harder time getting their federal loans erased under new rules proposed by the Trump administration on Wednesday.

The proposal, which aims to replace a set of Obama-era rules that were never implemented, drew applause from the for-profit industry but sharp criticism from advocacy groups that represent student borrowers.

Education Secretary Betsy DeVos said the proposal lays out clear rules schools must follow to avoid trouble, while also protecting students harmed by deception. "Our commitment and our focus has been and remains on protecting students from fraud," DeVos said.

Under the proposal, students would be eligible for loan relief if they can prove their schools knowingly misled them with statements or actions that directly led them to take out loans or enroll at the school...More..


Read more: https://www.msn.com/en-us/news/us/devos-rules-would-cut-estimated-dollar13b-in-student-loan-relief/ar-BBL33pD

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That would be a higher bar than rules finalized under Obama in 2016 after the collapse of two for-profit schools, Corinthian Colleges and ITT Technical Institute. Those rules allowed relief in a wider range of cases dealing with breach of contract.
Education Department documents supporting DeVos' proposal argue that, while students should be protected from fraud, they also have an obligation to do their research before picking schools.



Education Secretary Betsy DeVos in 2017 speaking at George Mason University. The Trump administration is proposing new rules that could make it harder for students to get their loans erased in cases of fraud. Education Secretary Betsy DeVos announced the proposal Wednesday after months of negotiating to replace Obama-era rules. Her proposal would allow students to get loans erased if a school intentionally misleads them into taking out student loans.

[mn9driver]

1. They had to find the $12 billion they just gave to the ag industry from somewhere.

[appalachiablue]

2. For sure, and they've been targeting this program since 2017.

Apparently students are on their own when they get hustled by scam 'colleges & institutions.' which is a real shame.

[BumRushDaShow]

3. Like this?

[appalachiablue]

7. You know it, sorry to say..

Woosh!

[appalachiablue]

25. *Today: 'Betsy Devos Family Boat Untied From Dock Causing Up To 10K Damages Police Say'

A $40 million yacht owned by Education Secretary Betsy DeVos' family was untied from its dock this weekend, causing thousands of dollars in damages, police said. The 163-foot Seaquest yacht had been moored at the Huron Boat Basin when the captain alerted authorities early Sunday morning it had been untied and set adrift, according to a police report provided to Fox News.
According to the Toledo Blade, which first reported on the incident, the yacht had "several large scratches and scrapes" from hitting a dock – resulting in what the captain estimated to be between $5,000 to $10,000 in damages...
The Seaquest is one of 10 vessels owned by the DeVos family. According to MarineTraffic.com, the yacht was back in Harbor Springs, Michigan, Thursday morning..More, https://www.msn.com/en-us/news/us/betsy-devos-family-boat-untied-from-dock-causing-up-to-dollar10k-in-damages-police-say/ar-BBL6eh0

[Midnight Writer]

22. 13 billion from students? 12 billion to farmers? What a koinkidink!

[Solly Mack]

4. K&R

[certainot]

5. and these 88 dumb-fuck universties continue to help fight student debt relief!

because they continue to broadcast sports on 260 limbaugh stations, which use those associations to attract advertising to pay for the constant drumbeat over 30 years, fighting to defund public ed funding and defeat debt relief and elect republicans

the students at those unis might want to complain about that

ALABAMA 8  Auburn 3, Alabama 2, Southern Alabama 2, Troy 1
ARIZONA 2 Arizona St. 1, Arizona 1
ARKANSAS 3 Arkansas 3
CALIFORNIA 5 San Jose State 2, USC 2, Fresno St. 1
COLORADO 4 Air Force 2, Colorado 1, Colorado State 1
CONNECTICUT 1 Connecticut 1
FLORIDA 20 Florida 10, Florida St. 4 Miami 2, South Florida 2, Central Florida 2
GEORGIA 14 Georgia 7, Georgia Tech 5, Georgia Southern 2
IDAHO 7  Boise St. 4, Idaho 3
ILLINOIS 7 Illinois 7
INDIANA 11 Notre Dame 6, Purdue 4, Indiana 1
IOWA 5 Iowa 4, Iowa St. 1
KANSAS 4 Kansas St. 2, Kansas 1, Wichita St. 1
KENTUCKY 3 Louisville 2, Kentucky 1
LOUSIANA 3 LSU 2, La.-Monroe 1
MARYLAND 2 Maryland 2
MASSACHUSETTS 1 Boston College 1
MICHIGAN 19 Michigan St. 11, Michigan 7, Western Michigan 1
MINNESOTA 4 Minnesota 4n
MISSISSIPPI 6 Mississippi St. 3, Mississippi 2, Southern Miss 1
MISSOURI 6 Missouri 6
NEBRASKA 6 Nebraska 6
NEW JERSEY 2 Rutgers 1, Seton Hall 1
NEW MEXICO 3 New Mexico 2, New Mexico St. 1
NEW YORK 7 Syracuse 6, Army 1
NORTH CAROLINA 16 North Carolina 8, North Carolina State 3, Duke 3, East Carolina 2
OHIO 10 Ohio St. 6, Toledo 1, Dayton 1, Bowling Green 1, Xavier 1
OKLAHOMA 5 Oklahoma St. 3, Oklahoma 1, Oral Roberts 1
OREGON 12 Oregon St. 7, Oregon 5
PENNSYLVANIA 14 Penn St. 11, Pittsburgh 2, Temple 1
SOUTH CAROLINA 4 South Carolina 2, Clemson 2
TENNESSEE 7 Tennessee 4, Memphis 3
TEXAS 16 Texas A&M 9, Texas Tech 4, Texas 1, Texas Christian 1, Baylor 1
UTAH 1 Utah St. 1
VIRGINIA 6 Virginia Tech 5, Virginia 1
WASHINGTON 6 Washington 5, Washington St. 1
WEST VIRGINIA 2 West Virginia 1, Marshall 1
WISCONSIN 5 Wisconsin 5

[appalachiablue]

8. So true certainot, glad you're continuing to empahsize this truth..

[MyOwnPeace]

6. Keep it up, Betsy..............

You'll just keep giving the Dems more voters come November.

[Bengus81]

9. Quick Donnie,re-open that FRAUD you pimped as a University.........

[FakeNoose]

10. Why not just do away with colleges altogether?

Why are we supporting these liberal factories anyway? Americans should be poor and stupid!

[2naSalit]

14. Honestly.

I have to tell you that I saw a hat last week that said, "Make America THINK Again!"

I thought you'd like that.

[appalachiablue]

16. I've seen them, hats, T-shirts. Purchase on Etsy, Amazon and also thru...

https://theresistance.store/collections/make-america-think-again

[2naSalit]

18. Wow! That's it!

I don't get out much, it appears. Thanks.

[appalachiablue]

19. It's all good :)

[Racerdog1]

11. Scamway Queen

Dumbass skank and her Scamway hubby Rich DeVos are nothing but tRump wannabes. No class fucks.

[cp]

12. Burden of proof belongs to frauds, I mean "schools"

What I think of Devoid-of-shame is short--expletives deleted.

[appalachiablue]

24. "they also have an obligation to do their research before picking schools."

SO, people also 'have an obligation to do their research before picking': doctors, medical centers, roads they drive on, food they eat, water they drink, merchandise they buy, airlines they use to travel ...

>The above law school was originally "ASS" of Law, before admins. realized the mistake and changed it. Lol.

[MurrayDelph]

13. Anyone besides me

think these assholes believe they get a commission of what they cut?

[MiniMe]

15. What a coincidence - almost the exact amount they are giving to the farmers

[Yo_Mama_Been_Loggin]

17. My thought as well

[Crash2Parties]

20. "knowingly misled" so it comes down to who can spend more on lawyers.

A student already in debt or a scam university.

[appalachiablue]

23. For sure, this is a critical point.

[Astraea]

21. Cruella DeVos

strikes again!