Betsy DeVos VANDALIZES student loan relief by an estimated $13 billion

[tenderfoot]

Betsy DeVos proposes rules that would cut student loan relief by an estimated $13 billion

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 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.

That would be a higher bar than the borrower defense 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 research before picking schools.

http://www.latimes.com/business/la-fi-devos-student-loans-20180725-story.html

We can cheer at vandalism if we want and thankfully, no filthy rich students were harmed. :sacasm:

[malaise]

1. To borrow from other DUers, I see what you did there

Nicely played.

[BigmanPigman]

2. Maybe the VANDALS who nailed her yacht

were doing payback for her vandalizing student loans.
https://m.huffpost.com/us/entry/us_5b59cf4fe4b0fd5c73cc92ea/amp
A $40 million yacht owned by the family of Secretary of Education Betsy DeVos was set adrift by vandals at a dock in Ohio last weekend, causing thousands of dollars worth of damage to the vessel, according to the Toledo Blade.

[demmiblue]

3. K&R

[mythology]

4. Just because DeVos is scum, doesn't mean someone should commit vandalism

Particularly vandalism that damages other third party's property and could have resulted in far worse.

If you want to TP her house, follow her around and protest, put her car up on bricks etc, have at it. Sure it's childish, but nobody was hurt. This sort of protest doesn't help. I don't remember John Lewis putting Bull Connor's car in drive and pointing it down the road to hit whatever.

[tenderfoot]

5. I see you're concerned...

[smirkymonkey]

6. Great smilie!

I despise that woman. May she burn in hell for eternity.

[tenderfoot]

7. You gotta like that some are more outraged about a boat than students mired in debt.

[smirkymonkey]

8. Seriously. I'm one of them and it's disgusting what they are getting away

with. I am getting effed up the arse with interest, but I have never defaulted. It will take me the rest of my life to pay this off.