DeVos tightens rules for forgiving student loans
August 31, 20194 min read728 words
Published: August 31, 2019  |  4 min read728 words
Education Secretary Betsy DeVos. | Zach Gibson/Getty ImagesEducation Secretary Betsy DeVos on Friday finalized rules that make it more difficult for federal student loan borrowers to cancel their debt on the grounds that their college defrauded them, scaling back an Obama-era pol...
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Great Context
August 31, 2019
The article gives a good overview of the new rules regarding student loan forgiveness which will go into effect next July. Ed. Secretary DeVos has set a more stringent standard, then the Obama era for student loan forgiveness, when borrowers claim they were misled or deceived by their respective colleges. The rationale is to save the tax payer billions of dollars. This action will certainly add to the trillions of dollars of student debt while at the same time removing disincentives for schools to defraud student borrowers because they can easily reap the rewards of federal student aid.
August 31, 2019
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Great Context
September 5, 2019
Not only this article provides great context about the matter, but provides a ton of unbiased information with relevant data giving the reader the necessary tools to analyse the situation. The constant comparison between the Obama era and the current state of affairs serves as a good analysis both of the evolution of the matter over the years and as a comparison of the two presidential views on the topic of student debt.
September 5, 2019
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Great Context
September 1, 2019
This article really does provide a ton of great context on the attempted change to Federal student loan forgiveness. I appreciated how author Michael Stratford quoted DeVos and also included quotes from the legal team challenging her decision. Very well done and balanced article.
September 1, 2019
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