News Story | DeVos Issues New Loan Forgiveness Rule For Swindled Students


2019-08-31 | By newsstory | 110 Hits

Education Secretary Betsy DeVos late Friday issued a new rule on loan forgiveness for students defrauded by their colleges a rewrite of Obamaera regulations that advocates say will make it tougher for students to get reliefDeVos said schools must be held accountable but the Obama rule wasnt working The new rule she said will treat students and taxpayers fairlyLoans issued on July 1 2020 or later would be affected by the new rule The department estimates it will result in a net savings of 111 billion over 10 years of loansDeVos rewri >>READ MORE

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