[Education\Studen Debt]
“This Administration’s pursuit of a partial relief formula…we fear will result in defaulted borrowers continuing to be saddled with debt that predatory colleges mislead them into incurring.”
Photo: Facebook
predatory colleges
HOUSE DEMOCRATS DENOUNCE BETSY DEVOS’ DEPARTMENT OF EDUCATION “BORROWERS DEFENSE RULE”
[Department of Education\”Borrower’s Defense Rule”]
Rep. Scott: “Instead of maintaining the Obama-era Borrower Defense rule, which provides a fair and streamlined process to provide debt relief to defrauded students, the Department of Education has finalized a new Borrower Defense rule that prevents an overwhelming majority of defrauded students from getting relief they deserve.”
Photo: Wikimedia Commons
NY FED REPORT ON STUDENT DEBT REQUESTED BY SENATOR BOOKER DETAILS SIGNIFICANT RACIAL DISPARITIES
[Education News\Student Debt]
Seth Frotman, Executive Director of the Student Borrower Protection Center: “This is a devastating indictment of the toll student debt is having on communities of color across the nation. I commend Senator Booker for his tireless work to protect borrowers and for his recognition that the student debt crisis is a critical civil rights issue. It is outrageous that the CFPB, which is charged with protecting borrowers from discrimination, has rolled back its critical oversight work of the student loan industry.”
Photo: Wikimedia Commons
