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Cedar Lounge
For lefties too stubborn to quit

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Dublin Opinion
Life should be full of strangeness, like a rich painting

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NAMA Wine Lake

offsite link Test ? 12 November 2018 Mon Nov 12, 2018 14:28 | namawinelake

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New Student Loan Rule Sides with For-Profit Colleges

category international | economics and finance | press release author Friday July 27, 2018 19:28author by Lydia Andrews - Jubilee USA Network Report this post to the editors

This week the US Department of Education proposed new student "borrower defense" rules.

This week the US Department of Education proposed new student "borrower defense" rules.

"If implemented, these rules place a greater burden on students to prove their case for debt relief when for-profit colleges mislead or defraud them," stated Jubilee USA Executive Director Eric LeCompte. LeCompte's organization supported 2016 federal regulations that allowed students to receive debt relief after the collapse of two for-profit schools, ITT Technical Institute and Corinthian Colleges.

Because the bar would be higher for students to prove their case for debt relief under the new rule, the Trump Administration argues federal student debt relief would be reduced by $13 billion over 10 years. The regulations now face a 30 day open federal comment period. If the Administration finalizes the rules, they could go into affect in 2019.

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