I should have posted this story yesterday:
The Department of Education on Wednesday announced new rules for providing aid to students claiming they were defrauded by their colleges that limits some student loan refunds according to income. Education Secretary Betsy DeVos said the new system "protects taxpayers from being forced to shoulder massive costs that may be unjustified." Under the new process, students’ loan forgiveness will be determined by their income. Those making less than half of what their peers earn will receive full relief, the department said. The new policy is a departure from Obama-era rules, which provided full loan forgiveness to defrauded students.
The full article form The Hill is here.
Advocates for students and state attorneys general are reportedly already gearing up to challenge the new rules, which were adopted without notice-and-comment rulemaking.
