The president now has 10 days to make a choice: Either sign the legislation and affirm that his Education Secretary made a mistake by attempting to overturn the Obama-era rule or veto the bill and risk a political fight over debt relief in the middle of a pandemic.
Both chambers of Congress passed legislation to reverse a proposed policy by Education Secretary Betsy DeVos that would have changed how defrauded victims of for-profit colleges could seek debt relief.
Proud to send @RepSusieLee’s bipartisan resolution to the President’s desk and protect tens of thousands of defrauded students, many of whom are hurting now more than ever, by blocking Devos’s harmful student borrower defense rule. @realDonaldTrump must sign it without delay. pic.twitter.com/nTptfApZr6
As things stand, “it’s very much an open question as to what he could do,” Beth Stein, senior adviser at the Institute for College Access and Success, told Yahoo Finance, adding that she was “excited” that the situation is moving. The borrower defense rule was originally written into law through the Higher Education Act in the early 1990s and was meant to help victims of fraudulent schools seek relief. Under existing law, borrowers with federal loans are eligible for loan forgiveness if a college or a university has misled them or engaged in other misconduct in violation of certain state laws.
“Borrower defense didn’t come directly out of the investigation, but what [it] found was that several of the large for-profit colleges that were particularly engaged in really problematic practices, and that included both Corinthian and ITT,” Stein said. DeVos said Obama ‘weaponized’ the borrower defense ruleDeVos defended the attempted policy change, alleging that the Obama administration had left behind a mess.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AG Barr's message on Obama isn't quite what Trump wanted to hearTrump's tantrum notwithstanding, Attorney General Bill Barr is unlikely to prosecute Obama and Biden. But the AG still said things he shouldn't have.
Read more »
Sen. Graham Seeks Names Of Obama Officials Who 'Unmasked' Trump Campaign TeamSen. Lindsey Graham has requested the identities of any Obama administration officials who may have sought intelligence information on members of President Trump's 2016 and 2017 campaign and transition teams.
Read more »
POLITICO Playbook: Bringing back ObamaIn recent days, Trump has reinjected Obama into the political fray. Privately around town, some Republicans have wondered about the wisdom of doing that, since polls consistently show that Obama is one of the best-liked people in public life.
Read more »