Post by Old Badger on Nov 1, 2017 21:44:07 GMT -5
"The Trump administration is considering abandoning an Obama-era policy of fully forgiving federal loans for students defrauded by for-profit colleges, The Associated Press reported Saturday. Education Secretary Betsy DeVos is reportedly working on a plan that would only give students partial relief from the debt. The Obama administration had allowed the debt to be fully forgiven. Tens of thousands of students who were deceived by now-defunct for-profit programs had more than $550 million in loans erased under the Obama administration."
De Vos is pushing for more private for-profit schools at every level, from pre-school to grad school. And what's she going to do about the inevitable fraud cases that are sure to arise? Why stick it to the borrowers, of course. Hey, you got defrauded by a college that my Department approved for student loans? Well, caveat emptor, sucker. That's just how capitalism works. Hire a lawyer, and hope for the best, like the people who sued my boss: "President Trump paid $25 million to settle a lawsuit earlier this year after students claimed they were misled by his own former for-profit program, Trump University."
De Vos is pushing for more private for-profit schools at every level, from pre-school to grad school. And what's she going to do about the inevitable fraud cases that are sure to arise? Why stick it to the borrowers, of course. Hey, you got defrauded by a college that my Department approved for student loans? Well, caveat emptor, sucker. That's just how capitalism works. Hire a lawyer, and hope for the best, like the people who sued my boss: "President Trump paid $25 million to settle a lawsuit earlier this year after students claimed they were misled by his own former for-profit program, Trump University."
