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Fri Oct 12, 2018, 07:27 PM

DeVos will not seek further delay of Obama for-profits rule

Source: Associated Press

DeVos will not seek further delay of Obama for-profits rule

By MARIA DANILOVA
57 minutes ago

WASHINGTON (AP) — The Education Department said Friday it will no longer try to delay an Obama-era regulation that helped students defrauded by for-profit colleges get their loans forgiven.

A federal court ruled last month that Education Secretary Betsy DeVos’ decision to delay the regulation, known as borrower defense, was unlawful and that the rule should go into effect. The department had until next Tuesday to respond.

Department spokeswoman Liz Hill told the Associated Press that Secretary Betsy DeVos “respects the role of the court and will defer to its judgment in whether parts of the 2016 rule will go into effect.”

Hill added that many parts of that rule “are bad policy” and the agency will continue working on a new rule that is fair to both students and taxpayers.

The rule would prohibit colleges from forcing students to sign away their right to sue the programs, would help some students get their loans discharged automatically and make borrowers eligible for forbearance when applying for loan discharges.

-snip-


Read more: https://apnews.com/5a040d6660c54c72a1d26f7f94eec109

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Reply DeVos will not seek further delay of Obama for-profits rule (Original post)
Eugene Oct 2018 OP
MyOwnPeace Oct 2018 #1

Response to Eugene (Original post)

Fri Oct 12, 2018, 07:36 PM

1. "Ya' gotta'..............

know when to hold 'em, know when to fold 'em..........."

Thank goodness a court that hasn't been corrupted by the Pugs yet was willing to step up and do the right thing.

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