Trump’s Education Secretary Betsy DeVos is changing
regulations on student protections with regard to for-profit schools. Now students defrauded by for-profit colleges
will receive only partial loan forgiveness according to The Associated Press. Trump
is rescinding the Obama administration’s practice of forgiving the debts of
students deceived by the now-defunct Corinthian Colleges.
“Critics
accuse the department of protecting industry interests, but DeVos says the
Obama-era rules were too broad and could be misused at taxpayers’ expense,” according to Associated Press writer Maria Danilova.
Source: “For-profit
loan forgiveness program faces deep cuts,” published in The Salt Lake Tribune, January 31, 2018,
p. A6.
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