September 8, 2018

Full loan relief denied defrauded college students




"Under Betsy DeVos, students swindled by for-profit schools are compensated based on their earnings after the program."
By Maria Danilova, The Associated Press (reported in The Salt Lake Tribune, 9/8/18)

"The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Department data..."
Education Secretary Betsy DeVos’ new policy of partial relief denies full compensation to students swindled by for-profit schools
"Of the roughly 16,000 fraud claims approved thus far by the Education Department under DeVos, slightly more than 1,000 students received full forgiveness on their loans, according to an AP analysis of the data."
"DeVos has been pushing to ease regulations for the for-profit sector and raise the bar for students seeking relief for fraud. Critics say DeVos, who has hired officials from the for-profit sector to top positions in her agency, is favoring industry interests."

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