Wednesday, October 17, 2018

Federal Judge Slaps Down Another Attempt By The Trump Administration To Affect A Student Loan Rule

A federal judge ordered immediate implementation of a rule designed to help students cheated by for-profit colleges get relief on their education debt.  The rule was put in place by the Obama administration and delayed by education secretary Betsy DeVos after Trump took office.  Eighteen states and the district of Columbia sued DeVos over her actions.

The rule was known as the Borrower Defense Rule that outlined a way for student borrowers to apply for student loan forgiveness if they were defrauded or misled by their college.  About the same time.  DeVos actions took place, President Trump had to settle out of court a multi million dollar law suit against his Trump University brought by students.  The suit alleged fraud, false advertisement and empty promises.

The actions that DeVos took was criticized by the Democrats and consumer groups.  This writer believes DeVos was following Trump and the GOP ideology as usual.  Consumer protection comes last because they cater to the wealthy.  The Trump-GOP tax cuts are another reminder.


This commentary written by Joe Lorio

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