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Betsy DeVos Halts Rule Intended To Help Defrauded College Students

WASHINGTON, June 14 (Reuters) – U.S. Education Secretary Betsy DeVos on Wednesday called for a “regulatory reset,” and pressed pause on a rule intended to speedily cancel the student-loan debts of people defrauded by for-profit Corinthian Colleges Inc and others, so that it can be rewritten.

DeVos said the department is still granting debt relief that the students are entitled to by law as expeditiously as possible, and some borrowers should expect to obtain discharges within the next several weeks. The Education Department is processing 16,000 claims for relief.

DeVos, a Republican and advocate of public-private partnerships in education, said she was read more >>>

Source:: HuffingtonPost.Com

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