Federal Education Sec. DeVos has shown no mercy in the student loan area…
The debt from those loans multiply each year and is in hundreds of millions of dollar’s and will NEVER be fully repaid…
Members of both parties joined in approving legislation that would help students with loans that where defrauded by schools….
If Trump does not sign the measure, it would be only his seventh veto since taking office — and the first on a domestic policy issue. Previous Trump vetoes have been over disputes with Congress on war powers, arms sales and the declaration of a national emergency to build a border wall.
Still, the defection of a nearly a dozen Republican senators is a blow to DeVos, who has argued that her reforms are meant to make the loan forgiveness process fairer and less expensive for taxpayers, who end up picking up the cost of the loan forgiveness if a fraudulent school closes.
Ten Republicans voted to block DeVos’ rule: Sens. Shelley Moore Capito of West Virginia Susan Collins of Maine, Joni Ernst of Iowa, Cory Gardner of Colorado, Josh Hawley of Missouri, Rob Portman of Ohio, Martha McSally of Arizona, Dan Sullivan of Alaska, Todd Young of Indiana and Murkowski.
“It’s disappointing to see so many in Congress fooled by misinformation from the Left and the fake news narrative about our efforts to protect students from fraud,” Angela Morabito, an Education Department spokesperson, said in a statement responding to the vote. “Students, including veterans, who are defrauded by their school and suffer financial harm as a result deserve relief, and our rule provides them relief.”
Morabito added that that the DeVos rule “is consistent with Congress’s intent, it protects students, and it treats taxpayers fairly.”
Democrats were able to force a vote on the measure in the GOP-controlled Senate under the Congressional Review Act, a tool that allows lawmakers to block recently enacted regulations.
If Trump were to sign the legislation, the DeVos rule would be nullified, leaving in place the Obama-era standards. The Education Department would be prohibited from writing any new rule that is “substantially the same” unless Congress acts.
The House passed the resolution last month on a 231-180 vote with the support of six Republican lawmakers.
DeVos’ new policy, which is set to take effect July 1, sets more stringent standards for when the government will wipe out the debt of students who claim that they were misled or deceived by their college. The Obama administration initially wrote the regulation in response to a flood of claims for debt relief in the wake of the collapse of large for-profit colleges like Corinthian Colleges and ITT Tech….