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07 July 2017

18 States And D.C. Sue Betsy DeVos Over For-Profit College Loan Rules

By Emanuel Martinez By Lydia O’Connor for The Huffington Post – Eighteen states and the District of Columbia are suing Education Secretary Betsy DeVos over her decision to suspend a rule that helps student loan borrowers who were defrauded by for-profit colleges. The lawsuit, filed Thursday in federal district court in Washington, D.C., was led by Massachusetts and joined by 18 other attorneys general. It takes aim at DeVos’ decision to freeze an Obama-era rule known as the “borrower defense to repayment,” which helped forgive student loan debt for people whose for-profit colleges closed amid fraud accusations, leaving students without degrees and with piles of debt. “Across the US, students and families are drowning in unaffordable student loan debt while predatory, for-profit schools rake it in,” Massachusetts Attorney General Maura Healey tweeted.

GREENTV Source: 18 States And D.C. Sue Betsy DeVos Over For-Profit College Loan Rules

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