Education Secretary DeVos Seeks Limit on Debt Relief for Defrauded Students

HeadlineJul 27, 2018

Education Secretary Betsy DeVos has proposed new rules that would cut an estimated $13 billion in federal student loan relief for people who were defrauded by for-profit colleges. DeVos’s changes would roll back the so-called borrower defense rule proposed by President Obama after the collapse of ITT Tech and Corinthian College, but halted by the Trump administration last year. In response, Massachusetts Attorney General Maura Healey tweeted, “Betsy DeVos rewrote the #BorrowerDefense rule to let predatory schools cheat their students and enrich their executives. No surprise.” DeVos is a billionaire Republican activist, heir to the Amway fortune, and the sister of Blackwater founder Erik Prince. Last weekend, DeVos’s $40 million, 163-foot yacht was damaged after it was unmoored while in port on Lake Erie in Ohio. It’s not clear whether the ship—which is one of 10 owned by her family—was let loose intentionally.

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