Eighteen states and the District of Columbia are suing Education Secretary Betsy DeVos and the Department of Education over their plans to rescind a rule that would make it easier for students of predatory for-profit colleges to have their loans forgiven. The Borrower Defense Rule was adopted by the DOE in November and was set to take effect this month. Under the rule, students could have their loans erased if their for-profit college misrepresented the quality of its programs or broke a “contractual promise” with its students. The rule also would also allow the DOE to seek recovery of loan ... Read More
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