« previous next »
Pages: [1]   Go Down

Author Topic: DeVos to cancel $150 million in student loan debt  (Read 624 times)

0 Members and 2 Guests are viewing this topic.

Offline TomSea

  • Hero Member
  • *****
  • Posts: 12,540
  • Gender: Male
  • All deserve a trial if accused
DeVos to cancel $150 million in student loan debt
« on: December 14, 2018, 07:49:24 am »
Quote
DeVos to cancel $150 million in student loan debt
Kristin Lam

The Education Department said Thursday it will cancel $150 million in federal student loan debt, despite Secretary Betsy DeVos' efforts to overhaul the Obama-era policy.

DeVos proposed restricting "borrower defense" claims filed by former students whose schools closed or made false promises, but has to carry out regulations after court rulings sided with students.

Three months ago, a federal judge ruled that DeVos' attempts to kill the 2016 regulations were illegal, Politico reported. The judge also rejected for-profit colleges' bid to stop the policy in October.

Read more at: https://www.msn.com/en-us/news/us/devos-to-cancel-dollar150-million-in-student-loan-debt/ar-BBQVLB7?li=BBnb7Kz&OCID=ansmsnnews11

In some cases, their schools closed. I don't know if I have heard of many of those cases. I am aware of one though. Not a household word though.
Logged

Offline Elderberry

  • TBR Contributor
  • *****
  • Posts: 19,228
Re: DeVos to cancel $150 million in student loan debt
« Reply #1 on: December 14, 2018, 10:37:53 am »
Your Central Valley By: Dennis Romero 12/14/2018

"It’s disappointing that it took a court order to get Secretary DeVos to begin providing debt relief to students," said U.S. Sen. Patty Murray.

(NBC News) - The U.S. Department of Education announced Thursday it would automatically cancel $150 million in student loans connected to for-profit colleges that closed in recent years.

The move was made under an Obama-era policy that a federal judge in October essentially forced U.S. Secretary of Education Betsy DeVos to implement. The story was first reported by Politico.

More: https://www.yourcentralvalley.com/news/education/dept-of-education-to-cancel-150-million-in-student-loan-debt/1659700748
Logged

Offline TomSea

  • Hero Member
  • *****
  • Posts: 12,540
  • Gender: Male
  • All deserve a trial if accused
Re: DeVos to cancel $150 million in student loan debt
« Reply #2 on: December 14, 2018, 10:54:18 am »
Logged

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 32,724
Re: DeVos to cancel $150 million in student loan debt
« Reply #3 on: December 14, 2018, 11:24:53 am »
If this is from the Obama Government School Loan Monopoly, then this is simple government graft.  The loans were a scam from Day One.
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-
Pages: [1]   Go Up
« previous next »